Which of the following statements is true
A) The business plan describes both internal and external elements.
B) The preliminary business plan should be prepared by a lawyer.
C) Most business plan resources on the Internet are too complex and expensive to be of use to the new venture.
D) Once made, a business plan should not be changed.

Question

Which of the following statements is true  
A) The business plan describes both internal and external elements.
B) The preliminary business plan should be prepared by a lawyer.
C) Most business plan resources on the Internet are too complex and expensive to be of use to the new venture.
D) Once made, a business plan should not be changed.

Quizplus · Accepted Answer

The business plan typically includes both internal elements (such as organizational structure and management team) and external elements (such as market analysis and competitive landscape).

B is false as lawyers may not have the necessary expertise to prepare a comprehensive business plan.

C is false as there are many free and accessible resources available online for creating a business plan.

D is false as a business plan should be a flexible document that can be revised and updated as the venture progresses.

Which of the Following Statements Is True