If, after the current assessment, Frank still believes in the potential of the venture, he should now proceed with which step of the planning process?
A) an environmental analysis
B) a SWOT analysis
C) a promotional plan
D) an opportunity analysis
E) a business plan

Question

Quizplus · Accepted Answer

If Frank still believes in the potential of the venture after assessment, the next step in the planning process should be to prepare a business plan. A business plan outlines the goals, strategies, market analysis, financial projections, and other important details about the venture. It helps in attracting potential investors, securing financing, and developing a roadmap for the business. Therefore, E is the best choice.

If, After the Current Assessment, Frank Still Believes in the Potential