Answered

Question 18 (5 points)
What is the primary purpose of a business plan?

A. To file for incorporation
B. To help you identify your goals and plan how you will achieve them
C. To explain your plans to your employees
D. To generate income tax deductions



Answer :

GinnyAnswer

Final answer:

A business plan's primary purpose is to help identify goals and plan strategies for achieving them, securing financing, and attracting investors.


Explanation:

The primary purpose of a business plan is to help you identify your goals and plan how you will achieve them. By outlining your objectives, strategies, and financial projections, a well-crafted business plan serves as a roadmap for your enterprise's success. It also plays a crucial role in securing financing and attracting potential investors.


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Answer: B. To help you identify your goals and plan how you will achieve them

Explanation: