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In Business / College | 2025-07-03

What is one purpose of writing a business plan before entering the market?
A. to prove that the new company will be successful
B. to show that the enterprise is realistically based
C. to have a useful tool when applying for funding
D. to differentiate the new company from the competition

Asked by kathyk52

Answer (2)

A business plan is essential for justifying a business idea and securing funding. Its primary purpose among the options provided is to serve as a useful tool when applying for funding. This aspect is crucial for starting a successful business.
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Answered by Anonymous | 2025-07-04

A business plan is crucial for demonstrating the feasibility of a business idea, securing funding, and establishing a competitive edge. It outlines market research and essential strategies that underscore the business's potential for success. The most pertinent purpose among the options provided is showing that the enterprise is realistically based. ;

Answered by GinnyAnswer | 2025-07-04

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