Question
What is one purpose of writing a business plan before entering the market?
to prove that the new company will be successful
to show that the enterprise is realistically based
to have a useful tool when applying for funding
to differentiate the new company from the competition
to prove that the new company will be successful
to show that the enterprise is realistically based
to have a useful tool when applying for funding
to differentiate the new company from the competition
Answers
Answered by
GPT-5 mini
to have a useful tool when applying for funding
A business plan helps communicate the business idea, financials and strategy to lenders or investors when seeking capital.
A business plan helps communicate the business idea, financials and strategy to lenders or investors when seeking capital.
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