Download App

Entrepreneurship Journey — Entrepreneurship STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipEntrepreneurship Journey3 Marks
Question
What purposes does a business plan serve?
✓

Answer

A business plan serves the following purposes:
  1. Provides a blueprint of actions to be taken in future.
  2. Guides the entrepreneur in raising the factors of production.
  3. Serves as a guide to organizing and directing the activities of the business venture.
  4. Helps in measuring the progress of the venture at successive stages.
  5. Communicates to investors, lenders, suppliers etc., initiating the programmes of the business.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "3 Marks Question" from Entrepreneurship Journey→Entrepreneurship Journey — all question types→Entrepreneurship STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

An entrepreneur can use the information generated from break-even analysis in making a wide range of business decisions. What are they?
→
What are credit transactions? Give two forms of credit transactions.
→
Explain any two advantages of being an Entrepreneur?
→
What is meant by 'Capital Structure'?
→
What do you understand by intangible resources?
→
Enlist any four expert professional assistance required to start a school.
→
From which type of capital are raw-materials purchased?
→
Mention the various sources of raising short term capital.
→
Briefly discuss the following types of entrepreneurs.
  1. Collaborators.
  2. Diplomats.
→
What is medium term capital?
→