Question

Which of these statements about a business plan is true?
A.
Businesses do not need to document a business plan.
B.
Established businesses do not create a business plan.
C.
A business plan is a business’s roadmap for the future.
D.
A business plan guarantees a business’s success.
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Answer 1

Answer:

c

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Answer 2

Answer:

The correct answer would be option C, A business plan is a business's road map for the future.

Explanation:

A business plan is basically a written document, in which the goals of the company are written down. The methods to achieve those goals are also written down and the time to achieve the goals are specified. Goals with timelines and deadline are written. This helps a business in setting up a road map to move towards the set goals of the company. Established businesses always create and follow business plans as business plans guarantee a business's success.