What is the lesson to be learned about writing a business plan from Leo Burnett's statement, "Don't tell people how good you make the goods; tell them how good your goods make them?"
A) The plan should emphasize the features of the company's products and services rather than their benefits.
B) The plan should describe how the business will transform tangible product or service features into important, but often intangible, customer benefits.
C) The plan should recognize that advertising is a waste of money for startup companies.
D) The plan should focus on developing sales in a niche rather than across an entire industry.

Question

Quizplus · Accepted Answer

Leo Burnett's statement highlights the importance of communicating the benefits that customers will derive from using the company's products or services, rather than simply focusing on their features. A good business plan should describe how the business will transform tangible product or service features into important, but often intangible, customer benefits. This is key to convincing investors, partners, and other stakeholders that the business is worth investing in or supporting.

What Is the Lesson to Be Learned About Writing a Business