The most common use of a business plan is to persuade lenders and investors to finance the venture.

Name: The most common use of a business plan is to persuade lenders and investors to finance the venture.
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Question

Quizplus · Accepted Answer

While a business plan serves many purposes, one of the primary goals is to secure financing from lenders or investors. The plan outlines the goals, strategies, financial projections, and potential for growth, which can convince lenders and investors to provide the necessary capital.

The Most Common Use of a Business Plan Is to Persuade