Asked by david lopez on Jun 19, 2024

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A good business plan should:

A) limit a business's flexibility.
B) act as a guide or a reference document.
C) never be revised.
D) avoid including estimates of income and expenses.
E) limit a firm's decision making ability.

Business Plan

A precise statement of the rationale for a business and a step-by-step explanation of how it will achieve its goals.

  • Recognize the importance and role of a business plan in starting and managing a business successfully.
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SY
Sakshi YadavJun 26, 2024
Final Answer :
B
Explanation :
A good business plan acts as a guide or a reference document for the business, helping to steer its direction and decisions. It is meant to provide a structured approach to planning and executing business strategies.