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4 . Business plans are developed for both internal and external purposes. The most common external purpose for a business plan is to raise capital.

4. Business plans are developed for both internal and external purposes. The most common
external purpose for a business plan is to raise capital.
a. State two (2) internal purpose of a business plan (2 marks)
b. Explain two (2) business planning principles (2 marks)
c. State and explain three (3) components of a business plan (6 marks)

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