A business plan
A)is useful only before a company is launched.
B)always contains the same elements.
C)should not identify risks and problems, since these might discourage potential investors.
D)is sometimes prepared after a company is up and running.

Question

Quizplus · Accepted Answer

D)Surprisingly, many companies do not write out a business plan until they are already operating. Many new companies start out with just a few people who do everything and don't require formal plans. When these companies grow, they often see the need to create a business plan, mostly as a way to monitor and guide the growth process as they continue to expand.

A Business Plan