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Entrepreneurship Journey — Entrepreneurship STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipEntrepreneurship Journey1 Mark
Question
A business plan serves many purposes. State any two purposes.
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Answer

The purposes served by a business plan are:
  1. It provides a blueprint of actions to be taken in future.
  2. It guides the entrepreneur in arranging for the factors of production.

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