Question

Effective business planning is critical to an entrepreneurial company's___________and its ability to raise capital and grow successfully.

• A. Medium-term success
• B. Short-term success
• C. Long-term success
• D. Average-term success

Answer 1

The correct option is C Long-term success

A business plan must be as efficient to help in achieving the business goals or objectives. An effective business planning to an entrepreneurial company's long term success and its ability to raise capital and grow successfully. An effective business plan helps in growing the business and ensures a business long term success.