Asked by Jenna Raney on Aug 01, 2024

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Which of the following should be developed when a company wants to convince outsiders to invest in the firm?

A) A compliance plan
B) A control-and-monitor plan
C) A business plan
D) A policy report
E) White papers

Business Plan

A detailed document outlining the objectives, strategies, financial forecasts, and market analysis for a business.

Compliance Plan

A set of guidelines and procedures developed by an organization to ensure that it adheres to legal standards and regulations.

Policy Report

A document that presents analysis and recommendations for a specific policy issue, aimed at informing policymakers and stakeholders.

  • Comprehend the components and significance of a business strategy.
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ZK
Zybrea KnightAug 06, 2024
Final Answer :
C
Explanation :
A business plan should be developed when a company wants to convince outsiders to invest in the firm. It outlines the company's financial projections, marketing strategies, management structure, and other important information that potential investors would want to know before making a decision. A compliance plan and control-and-monitor plan are internal documents that focus on ensuring that the company is following regulations and meeting its goals. A policy report and white papers are typically used for informational and educational purposes, rather than for convincing investors to invest.