When a business plan is written after a company is up and running,it tends to
A)summarize the company's business model.
B)convince outsiders to invest in the company.
C)present a vision of what the company will be.
D)function as a monitor-and-control mechanism.
E)concisely describe products and services.

Question

Quizplus · Accepted Answer

When a business plan is written after a company is up and running, it tends to function as a monitor-and-control mechanism, helping the company to track progress, identify areas for improvement, and make strategic decisions based on its current resources and capabilities. While the plan may still contain elements of presenting the company's vision and describing its products and services, its primary focus is on performance management rather than attracting outside investment. It may also summarize the existing business model, but this information is used primarily as a baseline for measuring progress rather than as a marketing tool.

When a Business Plan Is Written After a Company Is