Which of the following statements is true about business plans? A business plan
ID: 2788602 • Letter: W
Question
Which of the following statements is true about business plans?
A business plan is useful only in case of exigency in the business environment otherwise a business plan is not important.
A well-prepared business plan always avoids contingent liabilities as the plan helps to predict and change the occurrence of a contingent liability.
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.
A business plan is a trivial part in the overall strategy formulation and its impact on business operations in the long run is miniscule.
A business plan is useful only in case of exigency in the business environment otherwise a business plan is not important.
A well-prepared business plan always avoids contingent liabilities as the plan helps to predict and change the occurrence of a contingent liability.
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.
A business plan is a trivial part in the overall strategy formulation and its impact on business operations in the long run is miniscule.
Explanation / Answer
Which of the following statements is true about business plans ?
Answer: 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.