What does an entrepreneur use to summarize his or her business strategy for a proposed new venture?
A) Success chart
B) Director's guideline
C) Financial blueprint
D) Business plan
E) Balance sheet
Answer: D
Explanation: D) A business plan is a summary of the business strategy for the proposed new venture and how that strategy will be implemented.
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Indicate whether the statement is true or false
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What will be an ideal response?