What is the purpose of the appendices in a business plan?
A) to provide additional information that adds to the credibility of your business plan
B) to summarize your business plan and to remind investors of the key points of the plan
C) to provide a summary of the projected income that has not been adequately provided within the plan
D) to provide key definitions for industry terms used in the plan as it will be read by non-industry experts
E) to provide a clear and concise (abbreviated) form of the entire business plan

Question

Quizplus · Accepted Answer

The purpose of the appendices is to provide additional information that adds to the credibility of your business plan. This can include detailed financial projections, market research data, resumes of key team members, and other relevant information. By including this information in the appendices, you can avoid overwhelming your readers with too much detail in the main body of the plan, while still providing important backup information to support your claims and assumptions.

What Is the Purpose of the Appendices in a Business