The primary purpose of building a business plan is to:
A)raise capital.
B)attract potential employees.
C)provide direction,to create a "target" to shoot for.
D)meet SEC requirements designed to protect lenders and investors.

Question

Quizplus · Accepted Answer

The primary purpose of building a business plan is to provide direction and create a "target" to shoot for. While raising capital, attracting potential employees, and meeting SEC requirements may all be benefits of having a strong business plan, they are not the primary purpose.

The Primary Purpose of Building a Business Plan Is To