Which of the following is the best description of a typical business plan for a small business?
A) a formal document, often 25-50 pages in length, that describes the company, sets forth its key objectives, and provides details as to how and when the organization plans to achieve these objectives
B) an annual report that the company provides to partners or shareholders, discussing the company's objectives and assessing its challenges for the coming year
C) a short document, usually no more than 10-15 pages in length, that provides a basic overview of the company's mission and products
D) a legally required document that the company must file with the Canadian government on an annual basis; each annual plan explains the company's goals for the next fiscal year and details how much external funding the company will need to achieve these goals
Correct Answer:
Verified
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