Business Studies · Business Planning

A business plan is important because:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1It grants patent rights automatically to entrepreneurs.
2It guarantees complete control over all external assets.
3It provides a roadmap and guide for achieving business goals and activities.✓
4It strictly lists only the names of financial stakeholders.

Correct answer

It provides a roadmap and guide for achieving business goals and activities.

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