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"TRUE OR FALSE". 1.written business plan is a tangible motivator for the entrepreneur.



2. The business plan is a document that explains the structure and functioning of a

business.



3. The business plan is a logical series of decisions an entrepreneur makes in starting

a new venture.



4. The business plan as a process involves looping back and revising previous

decisions.



5. In the business plan process, "Organizing the Operations" comes before "Creating

a Marketing Strategy."



6. The first stage in the business plan process is "Defining the Business Concept."



7. The last stage in the business planning process is "Arranging the Finances."


8. Studying business plans helps a student to learn a system of classifying business

information.



9. According to research, without a business plan firms are more likely to close down.



10. The preparation of a business plan is optional for some small businesse

Sagot :

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