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What is the main purpose of a business plan?

Answer and explanation

Correct answer: To make goals and work direction clear

A business plan sets out the venture’s objectives, proposed activities, resource needs, and intended direction. It helps the entrepreneur think systematically, coordinate work, estimate requirements, and monitor progress. A plan cannot guarantee success, but its purpose is certainly not to confuse customers, increase losses, or waste time. Therefore, clarifying goals and direction is the best answer.

Related tags

Business-PlanGoalPlanningEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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