An extensive business plan would be most helpful for a startup that
A) will be operating in a turbulent environment.
B) needs to become operational as soon as possible.
C) needs to secure funding.
D) is severely constrained by a shortage of capital.

Question

Quizplus · Accepted Answer

An extensive business plan would be most helpful for a startup that needs to secure funding. A comprehensive business plan helps potential investors or lenders understand the business's market opportunity, strategy, financial projections, and risk management plan. A well-written business plan can significantly increase the chances of securing funding.

An Extensive Business Plan Would Be Most Helpful for a Startup