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 she/he wants to accomplish
D) contains both a marketing plan and a financial plan

Question

Quizplus · Accepted Answer

A business plan typically contains both a marketing plan and a financial plan. It is important for entrepreneurs to have a clear direction of their business goals and how they plan to achieve them through their marketing strategies and financial projections. A business plan serves as a roadmap for the entrepreneur in order to help them make informed decisions and stay on track towards their objectives.

For an Entrepreneur, a Business Plan ________