_______ is the primary reason that entrepreneurs create business plans.
A)To get financing and reduce competition
B)To develop a mentoring plan
C)To think through important details and focus on a code of ethics
D)To get financing and think through important details
E)To develop a code of business and succeed

Question

Quizplus · Accepted Answer

The primary reason entrepreneurs create business plans is to get financing and think through important details. While other options such as developing a mentoring plan, focusing on a code of ethics, or developing a code of business may also be valuable, the main purpose of a business plan is typically to secure funding and ensure that all relevant aspects of the business are carefully considered and planned out.

_______ Is the Primary Reason That Entrepreneurs Create Business Plans