Which activity in developing a business plan is the most important?
A) Choosing a business location
B) Researching the market
C) Choosing a product mix
D) Developing a production plan
E) Developing an organization chart

Question

Quizplus · Accepted Answer

Researching the market is the most important activity in developing a business plan as it helps to determine the viability and potential success of the business idea. It involves identifying target customers, analyzing market trends and competition, and identifying potential opportunities and challenges. This information is essential for making informed decisions about the product mix, location, production plan, and organization chart.

Which Activity in Developing a Business Plan Is the Most