Question

Your business plan is a tool that can A. double as an office manual for new employees. B. clarify your business strategy for investors. C. be used to get your business license. D. be useful only in the start-up stage.

Answer 1

B. clarify your business strategy for investors.

Answer 2

Answer: (B) Clarify your business strategy for investors

Explanation:

 The business plan is the type of tool that can be used for clarifying various types of business strategy for the investors. The business plan is basically divided into the three main purpose that as follows:

• Planning
• Management
• Communication

In the business plan, the communication tool is one of the efficient tool which is used for attracting various types of investors and business partners. The business plan basically describe the structured business and also outline the various types of external resources.