Which of the Following Statements Is True of Business Plans

question 33

Multiple Choice

Which of the following statements is true of business plans?

• A) Firms without a business plan are less likely to close down than firms with plans.
• B) External legitimacy for a firm is best established by creating business plans.
• C) Typically,the higher-performing firms in any industry tend to be those who do not have any business plan.
• D) Having a business plan guarantees higher profits.

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Definitions:

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