Which of the following statements is true of a business plan?
A) Small businesses do not need a business plan.
B) It does not have to be revised periodically.
C) Every business needs to mandatorily maintain a business plan as per government regulations.
D) It should establish a strategy for acquiring sufficient funds to keep a business going.
E) It is created to limit a business's flexibility and decision-making ability.
Correct Answer:
Verified
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