Which of the following statement is incorrect about business plans?
A) Writing a business plan forces a firm's founders to systematically think through each aspect of their new venture.
B) For most new ventures, the business plan is a dual-purpose document used both inside and outside the firm.
C) A business plan is typically 25 to 35 pages long.
D) A large percentage of entrepreneurs do not write business plans for their new ventures.
E) The business plan should be written while the feasibility analysis is being completed.

Question

Quizplus · Accepted Answer

A business plan is typically written after the feasibility analysis is completed, not while it is being completed. The feasibility analysis helps determine if the business idea is viable before developing a detailed business plan.

Which of the Following Statement Is Incorrect About Business Plans