Answer to Question #189535 in Economics for ntombi mshango

Question

The most important objective of a business plan is to ____________________________.

1 identify and describe the nature of the business opportunity

2 present a written plan of how the opportunity is to be exploited

3 provide instruments that the entrepreneur can use to lead the venture

4 attract investors to provide capital

Answer 1

The purpose of a Business Plan is to identify, describe and analyze a business opportunity and/or a business already under way, examining its technical, economic and financial feasibility.

So, the correct answer is 1.