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

Question

Quizplus · Accepted Answer

A business plan can be prepared both before and after a company is launched. It is useful to identify risks and problems, as this shows potential investors that the company has considered these factors and has a plan to mitigate them. While there are standard elements that are often included in a business plan, the specific details may vary depending on the industry, company size, and other factors.

A Business Plan