For an entrepreneur, a business plan:
A) is of relatively little importance due to the dynamic nature of the marketplace.
B) is synonymous with the marketing plan.
C) tends to stress how the entrepreneur will operate rather than detailing what he/she wants to accomplish.
D) contains both a marketing plan and a financial plan.

Question

Quizplus · Accepted Answer

A business plan for an entrepreneur should contain both a marketing plan and a financial plan to outline how the entrepreneur will operate and achieve their goals. While the marketplace may be dynamic, having a plan in place can help the entrepreneur adapt and succeed amidst change. The business plan should detail not only how the entrepreneur will operate but also what they want to accomplish in order to provide direction and focus for their business.

For an Entrepreneur, a Business Plan