A business plan can help the owner track, monitor, and evaluate the progress of the business, which makes it useful as which type of tool?

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Quizplus · Accepted Answer

A business plan primarily serves as a management tool, as it guides the owner in making strategic decisions, setting goals, and monitoring progress towards those goals. While it can also be used as a planning tool, financial tool, and communication tool, these are secondary benefits to its main function as a management tool.

A Business Plan Can Help the Owner Track, Monitor, and Evaluate