Asked by Tessa Eddington on Jul 16, 2024
Verified
Briefly discuss any two uses of a business plan.
Business Plan
A detailed document outlining the strategy, objectives, market analysis, financial projections, and operational framework for a new or existing business.
- Comprehend the function and applications of a business plan in expressing the strategy and objectives of a business.
Verified Answer
SB
Sabino Boyzo
Jul 18, 2024
Final Answer :
A business plan can have two uses:(1)inducing a venture capitalist to invest more or less and (2)guiding the policies and actions of a firm over a number of years.Therefore,strategies and statements need to be well thought out,unambiguous,and capable of being supported.
Learning Objectives
- Comprehend the function and applications of a business plan in expressing the strategy and objectives of a business.