The Overall Purpose of a Business Plan Is to

question 75

Multiple Choice

The overall purpose of a business plan is to

• A) identify all actions required up to the point when the firm opens its doors.
• B) outline activities for the business in its first year of operation.
• C) provide prospective lenders with a blueprint for action.
• D) determine potential demand for the firm's product or service.
• E) determine the most appropriate form of ownership.

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Definitions:

Papyrus

An early form of paper made from the pith of the papyrus plant, used in ancient Egypt and other Mediterranean societies for writing documents.

Egyptians

Citizens or natives of Egypt, a country linking northeast Africa with the Middle East, known for its ancient civilization and monumental architecture.

Writing Paper

Material made for writing, typically manufactured from wood pulp, cotton, or other fibers, and used for letters, documents, and other written forms of communication.

Internet

A global network of interconnected computers and servers that allows for the exchange of data, communication, and access to information.