Yolanda runs an online store that sells maternity wear. Her business has grown significantly over the past couple of years and Yolanda needs additional funding to scale up her operations further. She draws up a detailed business plan to present to potential investors and has it printed and bound. Her best friend Sasha feels that using printed documents is outdated and that Yolanda would make a better impression by mailing out soft copies of her plan to potential investors. Which of the following arguments can Yolanda use to rationalize her choice of medium?
A) This business plan needs to reach several groups of investors spread across the country.
B) I need to make a formal impression with this business plan.
C) I need to be able to update content frequently and in real time to keep investors updated of new developments.
D) I need a relatively inexpensive medium of communication to communicate with multiple investors.

Question

Quizplus · Accepted Answer

A printed and bound business plan can convey a sense of formality and seriousness, potentially making a stronger impression on investors than a digital copy might.

Yolanda Runs an Online Store That Sells Maternity Wear