Question

The two main purposes of a business plan are: a. to provide a document to keep employees focused and to seek outside funding. b. to provide assurance to vendors and to keep the federal government informed. c. to provide a document customers can review and to be used as a production tool. d. to guarantee success and to secure financing easily.

Answer 1

Answer: Option A

Explanation: In simple words, business plan refers to an outline of framework that guides an organisation regarding its operations in future.

Business plan helps the organisation and its employees to set the chain of activities they need to perform for achieving their goals. Business plans also helps to determine the amount of capital needed to finance the projects that further helps the organisation to seek outside funding.

Hence from the above we can conclude that the correct option is A.