The business plan is a key ____________________ tool for outside financial sources, as well as a/an ____________________ tool for guiding the venture toward success.

Question

Quizplus · Accepted Answer

A business plan serves as a communication tool to present the venture to investors or lenders and also as an operational tool to guide the business towards success. Budgeting, investment, and analytical tools can certainly be part of a business plan, but they do not encompass the full scope of its purpose.

The Business Plan Is a Key ____________________ Tool for Outside