Which of the following is the main purpose for writing a business plan?
A) The plan helps the company develop a "road map" to follow.
B) The plan introduces potential investors and other stakeholders to the business opportunity.
C) Both A and B are equally important.
D) Neither A nor B captures the true purpose of a business plan.
E) Reason A is the most important for experienced entrepreneurs and reason B is the most important for inexperienced entrepreneur.

Question

Quizplus · Accepted Answer

Both reasons A and B are important for writing a business plan. A business plan helps a company develop a clear direction and "road map" for achieving its goals, while also introducing potential investors and stakeholders to the business opportunity and strategy. Both aspects are essential for the success of a business.

Which of the Following Is the Main Purpose for Writing