2. what is the purpose of a business plan? 3. what is the role of market research in starting a business?

2. what is the purpose of a business plan? 3. what is the role of market research in starting a business?

2. what is the purpose of a business plan? 3. what is the role of market research in starting a business?

Answer

Brief Explanations:

A business plan outlines goals, attracts investors, and guides operations for growth. Market - research helps in understanding customer needs, competition, and market trends, which are crucial for making informed business decisions when starting a business.

Answer:

  1. A business plan's purpose is to outline business goals, attract investors, and guide operations for growth.
  2. The role of market research in starting a business is to understand customer needs, competition, and market trends for informed decision - making.