A business plan ________.
A)is a valuable managerial tool that helps an entrepreneur focus on developing a course for the business in the future
B)is a valuable tool for convincing lenders or investors to put money into the business
C)forces an entrepreneur to think a business idea through, considering both its positive and its negative aspects
D)All of the above

Question

Quizplus · Accepted Answer

A business plan serves multiple purposes, including helping an entrepreneur focus on developing a course for a business, convincing lenders or investors to invest in the business, and forcing the entrepreneur to consider both the positive and negative aspects of the business idea. Therefore, all of the choices are valid reasons for creating a business plan.

A Business Plan ________