Practicing Success

Target Exam

CUET

Subject

Entrepreneurship

Chapter

Entrepreneurial Planning

Question:
Which among the following is NOT the objective of business plan?
Options:
Helps in determining the viability of the venture in a designated market.
Helps in providing guidance to the entrepreneur in organizing his/her planning activities as such: i) identifying the resources required ii) enabling obtaining of licenses if required etc. iii) working out with legal requirements as desired by the government.
Business plan helps to realize the obstacles which cannot be avoided or overcome, suggesting to terminate the venture while still on paper without investing further time and money.
None the above
Correct Answer:
None the above
Explanation:
All of the options are the objectives of a business plan.