Research has shown that while planning and drafting a business plan does not necessarily ensure greater profitability, it does increase the likelihood that the venture will reach the introduction phase and once there, the enterprise will have considerably better prospects of sustained growth and survival.

Question

Quizplus · Accepted Answer

This statement is supported by research and suggests that although a business plan may not guarantee profitability, it can improve the chances of the venture reaching the introduction phase and experiencing sustained growth and survival.

Research Has Shown That While Planning and Drafting a Business