Identify a characteristic of a business plan.
A) It is a one-shot process.
B) It is a work in progress.
C) It is an end in itself.
D) It is a rigid process that is the same across all industries.

Question

Quizplus · Accepted Answer

A characteristic of a business plan is that it is a work in progress, meaning that it can and should be continuously updated and revised as the business evolves and new information becomes available. It is not a one-shot process or an end in itself, and while there may be certain standard elements that are included in most business plans, the specifics of what needs to be included will vary depending on the industry, the audience, and the goals of the business. Therefore, it is not a rigid process that is the same across all industries.

Identify a Characteristic of a Business Plan