Which of the following is not a major reason for developing a business plan?
A)The process helps pull the management team together.
B)The completed plan is a vehicle for communicating managements vision to others.
C)Planning enables management to defend itself against criticism from disgruntled stockholders.
D)The finished plan serves as a roadmap for running the business.

Question

Quizplus · Accepted Answer

Developing a business plan is not primarily about defending management against criticism from stockholders. It is about outlining the company's goals, strategies, and plans for achieving success. The other options (A, B, and D) are major reasons for developing a business plan as they help to create a cohesive team, communicate the vision, and provide a roadmap for the business.

Which of the Following Is Not a Major Reason for Developing