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What is the primary purpose of a business plan?

Practice Questions

Q1
What is the primary purpose of a business plan?
  1. To secure funding
  2. To outline business goals
  3. To analyze competitors
  4. To manage employees

Questions & Step-by-Step Solutions

What is the primary purpose of a business plan?
  • Step 1: Understand that a business plan is a document.
  • Step 2: Know that it describes what a business wants to achieve.
  • Step 3: Learn that it includes specific goals for the business.
  • Step 4: Recognize that it outlines how the business will reach those goals.
  • Step 5: Remember that a business plan helps guide the business's actions.
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