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Why is a business plan prepared?

Answer and explanation

Correct answer: To clarify goals, resources, costs and direction of action

A business plan describes the venture’s objectives, product or service, target market, resources, operations, expected costs, revenue and possible risks. It helps organise action, assess feasibility and communicate the idea to potential supporters. Option A is correct. A plan does not remove customers, conceal risks or produce profit without implementation.

Related tags

Business-PlanPlanningEntrepreneurshipEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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