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What is the main purpose of a business plan?

Answer and explanation

Correct answer: To clarify goals resources costs and working method

A business plan is a structured document that explains the business idea, objectives, target market, operations, resources, costs, expected revenue, and possible risks. It guides implementation and helps the entrepreneur review feasibility or communicate with potential funders. It is not merely decorative, confusing, or designed to hide information. Therefore, option A correctly states its main purpose.

Related tags

Business-PlanPlanningResourcesEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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