$5$a$.$ Why should Mary Ann and Nana create a business plan?

Why should Mary Ann and Nana create a business plan?

Multiple Choice

in order to secure a bank loan

to determine the best way to own the business and make efficient production schedules

to deter competition

to provide an overall road map of how to start the business and to notify competitors they will be entering the market

to provide an overall road map of how to start the business and to attract$/$satisfy investors