Which of the following is NOT a rationale for creating a business plan

QUESTION

Which of the following is NOT a rationale for creating a business plan?

A) to outline the goals of a proposed company
B) to secure funding for a proposed company
C) to lay out methods to achieve the proposed company’s goals
D) to clarify the business model for the proposed company
E) to state standards for measuring success of the proposed company

ANSWER

Answer: D
Explanation: D) The business model is defined and clarified prior to developing the business plan. It defines the basic idea behind the proposed business.