Which of the following criticisms is often used by those who consider writing a formal business plan as a waste of time?

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Critics of writing a formal business plan argue that the time and effort spent on creating a detailed plan could instead be used to work on the actual business or to test and validate the idea. This is known as opportunity cost, where the cost of choosing one option is the opportunity forgone by not choosing an alternative. Option B, C, and D are benefits of writing a business plan and not criticisms.

Which of the Following Criticisms Is Often Used by Those