A Business Plan Is Prepared for External Use Only-For Example

question 24

True/False

A business plan is prepared for external use only-for example, to interest potential investors.

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Definitions:

Core Values

Fundamental beliefs or guiding principles that drive a company's culture, decision-making, and actions.

Top Management

refers to the highest level of management within an organization, responsible for setting strategic goals and making key decisions.

Competitors

Other businesses that offer similar products or services within the same market and compete for the same customers.

Suppliers

Entities that provide goods or services to another organization, often playing a critical role in the supply chain.