The Second Essential Purpose for Creating a Business Plan Is

question 6

Multiple Choice

The second essential purpose for creating a business plan is ________.

• A)to guide the operation of the company by charting its future course and devising a strategy for following it
• B)to attract lenders and investors
• C)to file with the SEC before a public stock offering
• D)to attract potential managers and employees to run the new venture

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Definitions:

CRM System

Customer Relationship Management system; a technology for managing all your company's relationships and interactions with customers and potential customers.

Knowledge Management

The process of capturing, distributing, and effectively using knowledge within an organization.

Virtual Office

A service that provides a business with a physical address and office-related services without the need for a dedicated physical space.

Efficient

Achieving maximum productivity with minimum wasted effort or expense, often relating to the effective operation of a process or system.