Spanx founder Sara Blakely started an apparel company.She wrote a business plan to get financing for expansion.The business plan is Spanx's ____.
A) tactical goal
B) strategic plan
C) operational goal
D) operational plan
E) strategic goal

Question

Quizplus · Accepted Answer

A business plan is a strategic plan that outlines the goals and objectives of a company and the steps needed to achieve them. In this case, Sara Blakely wrote a business plan to secure financing for expanding her company, indicating that it was a strategic plan.

Spanx Founder Sara Blakely Started an Apparel Company