Which of the following is correct with regard to business planning?
A business plan is a good thing to have, but it is generally not a requirement for securing resources for the proposed new venture.
If market conditions are changing rapidly, the benefits gained from extensive research and planning will diminish quickly.
If the product is highly innovative, research is particularly important.
Planning should be completed before action is taken.
All things considered, it is probably best to plan to start as a franchise.

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The Answer of Which of the following is correct with regard to business planning?
A business plan is a good thing to have, but it is generally not a requirement for securing resources for the proposed new venture.
If market conditions are changing rapidly, the benefits gained from extensive research and planning will diminish quickly.
If the product is highly innovative, research is particularly important.
Planning should be completed before action is taken.
All things considered, it is probably best to plan to start as a franchise.

Which of the Following Is Correct with Regard to Business