Question: The business plan is a formal document used for the longrange planning of a company s operation. It typically includes background information, financial information, and

The business plan is a formal document used for the longrange planning of a companys operation. It typically includes background information, financial information, and a summary of the business. Investors nearly always request a formal business plan because it is an integral part of their evaluation of whether to invest in a company. (ch 11)

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