What is the purpose of a business plan? Select all that apply. a. To serve as...

What is the purpose of a business plan? Select all that apply.

a. To serve as a "blueprint" for hiring managers.

b. A strategic plan to "test the waters" for investors who are interested in advanced purchases.

c. For new entrepreneurs to develop a structure for their business proposal.

d. To support companies in need of funding or financing operations, for expansion and growth.

e. For internal employees to use as a tool when seeking promotions.

Expert Solution

What is the purpose of a business plan? Select all that apply.

b. A strategic plan to "test the waters" for investors who are interested in advanced purchases. This applies incase of any acquistion of any business asset and investors would be keen to understand the preliminary information and risk profile of the business, before they can work for an estimated pricing bandwidth.

c. For new entrepreneurs to develop a structure for their business proposal. This is required for any new entrepreneurs or start-ups to develop a business proposal and to portray for the investors for even for their self business assessment.

d. To support companies in need of funding or financing operations, for expansion and growth. Any funding option require a thorough duediligence about the business operations and risks and rewards associated with it; This is required before any financial institution can sanction their funding for the requirements of the business.

jeff jeffy answered 2 years ago

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