Written business plans are typically required by
A) formal business lenders.
B) investors.
C) both of the above.
D) none of the above.

Question

Quizplus · Accepted Answer

Written business plans are typically required by both formal business lenders and investors. Lenders need a clear understanding of the business and its potential for success before approving a loan. Investors, on the other hand, want to know that the business has a solid strategy in place and a plan for turning a profit. A written business plan is a valuable tool for communicating these key details to both lenders and investors.

Written Business Plans Are Typically Required by