Service or product quality is most likely to be crucial in a business plan for _____.

Question

Quizplus · Accepted Answer

Potential customers are the ones who will ultimately determine the success of a business. If the service or product quality is not up to their expectations, they are unlikely to continue using or recommending the business. Therefore, it is crucial to prioritize service or product quality in a business plan for potential customers. While quality is also important for bankers, joint venture partners, and angel investors, it may not be the most crucial factor for them when evaluating a business plan.

Service or Product Quality Is Most Likely to Be Crucial