Question

Drake is applying for a business loan on behalf of its company. before applying for the said loan, he draws up a road map of the company. he highlights the prospects of the business and the ability of its management to follow the path to take the business forward. what is this document prepared by drake known as? the document prepared by drake is known as a plan.

Answer 1

The name of the document prepared by Drake that draw the road map of the company is known as a Business plan.

What is a Business plan?

This is aformal and written document which outlines the goals of the company, shows tasks to be performed and shows the financial plans to be use to accomplish the outlined goals.

Therefore, the business plan is the document that draws up a road map of the company and allows to highlights the prospects of the business

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