Which of the following statements is incorrect regarding business plans?
A) A firm's business plan is typically the first aspect of a proposed venture that will be seen by an investor.
B) To make the best impression, a business plan should follow an unconventional structure, so it will stand out.
C) A business plan has both an external and an internal audience.
D) A company's business plan is typically written by its founders.
E) Potential investors are typically keenly interested in a company's business plan.

Question

Quizplus · Accepted Answer

Business plans should not follow an unconventional structure just to stand out. Instead, they should be well-structured and comprehensive, clearly outlining the proposed venture and its potential for success. Following an unconventional structure may actually detract from the overall effectiveness of the plan.

Which of the Following Statements Is Incorrect Regarding Business Plans