Question

mark wanted to start a business along with his friend. he prepared a document, which included the purpose of the business, an explanation of how the business goals will be achieved, an assessment of the market, and a projection of the business's income and expenses. when he presented this document to a panel of venture capitalists, they were impressed and agreed to fund his project. which of the following documents did mark and his friend prepare?
a) a journal ledger
b) a fund flow statement
c ) a business plan
d) a conduct certificate
e) a promissionary bill

Answer 1

Answer:

Letter c is correct. A business plan.

Explanation:

A business plan can be defined as a document written by entrepreneurs when starting a business that specifies relevant information on how the company will conduct its activities to be successful in the market.

The business plan must contain the mission, vision and values ​​of the enterprise, the main objectives to be achieved, the action plans and procedures to achieve these objectives and can also be used to communicate content to investors.

This is an essential document for any company, it contains the strategies that will help the company to enter the market and operate efficiently and predict the financial results.