Q. A business plan is important for all of the following reasons EXCEPT: (Solved)
1. a business plan forces a firm's founders to systematically think through each aspect of their new venture.
2. a business plan provides lenders and investors assurance that they will earn a decent return.
3. a business plan provides an investor with something to react to.
4. a business plan is a selling document that enables a company to present itself to potential suppliers and business partners.
- b. a business plan provides lenders and investors assurance that they will earn a decent return.