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What is the main purpose of a business plan?

Answer and explanation

Correct answer: To give a clear path for running the business

A business plan describes the proposed business, its objectives, customers, products or services, resources, operations, marketing approach, expected costs, and possible sources of finance. It provides direction and helps evaluate feasibility before action. Therefore option A is correct; ignoring customers or expenses defeats the purpose of planning.

Related tags

Business-PlanPlanningEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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