1. Which of the following statements is correct regarding business plans?
(a) A business plan has both an external and an internal audience. (b) A firm's business plan is typically the first aspect of a proposed venture that will be seen by an investor. (c) To make the best impression, a business plan should follow an unconventional structure, so it will stand out. (d) A company's business plan is typically written by its founders.
2. If your business plan includes the exploitation of an invention, and provided you do not blunder in major decisions, your success can be most likely assured. True/False.