A business plan performs a number of functions including:
A)identifying how many employees will be needed in the business start-up phase.
B)attracting capital for the start-up.
C)providing the entrepreneur with a plan for managing inventory.
D)providing the basis for purchasing property and casualty insurance for the new company.

Question

Quizplus · Accepted Answer

While a business plan can include some information on employee needs, inventory management, and insurance, its primary function is to attract capital for the start-up. A well-crafted business plan can demonstrate to potential investors or lenders that the entrepreneur has a clear vision for the business and a plan for making it profitable.

A Business Plan Performs a Number of Functions Including