Some start-up investors do not believe a business plan is beneficial in the early stages because
A) it is too easy for anyone to write up a plan.
B) most of the information is available on the Internet.
C) investors spend too much time reading them.
D) there is no need if the product is going to work.
E) it is difficult to anticipate circumstances and obstacles that will be encountered.
Answer: E
Explanation: E) Reasons for the skepticism include the amount of time and energy required to research and write a plan, the reluctance of many target readers to read such lengthy documents, the uncertainty of whether a new product or company idea will even work, and the difficulty of correctly anticipating all the circumstances and obstacles that a young company will encounter.
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