The data shows that writing a business plan increases the odds that a venture will successfully accomplish important tasks (initializing product development, obtaining inputs, starting marketing, talking to customers, and asking for external funds)as well as continue in business.
Correct Answer:
Verified
Q4: A solid business plan _.
A)forces potential entrepreneurs
Q5: A business plan _.
A)is a valuable managerial
Q6: The competitive test that a business plan
Q7: Although building a business plan does not
Q8: The reality test that a business plan
Q10: A business plan is a written summary
Q11: To get external financing, an entrepreneur's business
Q12: A business plan is a written summary
Q13: The value test that a business must
Q14: The three "tests" associated with a business
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