Which of the following statements regarding a business plan of a company is true?
A) It emphasizes operational planning more than strategic planning.
B) It is a money-raising tool to attract venture capitalists when the owner wants to assume more control over the company.
C) It usually provides big entrepreneurs a greater chance of success than the small business owners.
D) It provides a detailed design of activities to be carried to finance the business and market products.
Correct Answer:
Verified
Q34: In which part of the business plan
Q35: Mission statements should be revised frequently.
Q36: Through equity financing, a company can be
Q37: A business plan can be successfully prepared
Q38: Controlling is the process of setting standards
Q40: In order to maintain control, the owner
Q41: Net profit is the total amount of
Q42: The lesser time a small business owner
Q43: In developing a business plan, one should
Q44: Simple start-up businesses do not need records
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