When Should You Update a Business Plan

question 12

Multiple Choice

When should you update a business plan?

• A)During financial changes
• B)When there are changes in the market or during the launch of a new product or service
• C)During periods of new management to reflect on the new reality
• D)All of these choices

---

Definitions:

Index Identifier

A unique symbol or name used to reference a specific position or element in a list, database, or similar data structure.

Subjective Statement

An assertion based on personal opinions, feelings, or tastes, rather than on external facts or evidence.

Tickler File

An organizational system used to remind individuals of tasks, deadlines, or important dates, often structured as a series of folders or digital alerts.

Chronologic File

A method of organizing files or documents according to their date or sequence in time.