Question
Which of the following statements is true about business plans? A) A business plan is useful only in case of exigency in the business environment
Which of the following statements is true about business plans?
A) A business plan is useful only in case of exigency in the business environment otherwise a business plan is not important.
B) A business plan is a trivial part in the overall strategy formulation and its impact on business operations in the long run is miniscule.
C) A well-prepared business plan always avoids contingent liabilities as the plan helps to predict and change the occurrence of a contingent liability.
D) A well-prepared business plan makes it easier for an entrepreneur to communicate to potential investors precisely what returns an investor might expect to receive.
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