Which of the following is the main purpose for writing a business plan?
A) The plan helps the company develop a "road map" to follow.
B) The plan introduces potential investors and other stakeholders to the business opportunity.
C) Both A and B are equally important.
D) Neither A nor B captures the true purpose of a business plan.
E) Reason A is the most important for experienced entrepreneurs and reason B is the most important for inexperienced entrepreneurs.

Question

Quizplus · Accepted Answer

The main purpose of writing a business plan is to develop a "road map" for the company to follow as well as to introduce potential investors and other stakeholders to the business opportunity. Both reasons are equally important and need to be addressed in a comprehensive business plan.

Which of the Following Is the Main Purpose for Writing