Business Plan:
A business plan is a formal document that outlines the goals of a business, the strategies to achieve those goals, and the financial projections. It serves as a roadmap for the business and provides a comprehensive overview of its operations, marketing, and financial aspects.

Valuable to the Enterprise:
A business plan is not only valuable to the enterprise itself but also to various stakeholders and parties involved in the business. It provides a clear understanding of the business's vision, mission, and objectives. Let's evaluate the statement that a business plan is valuable only to the enterprise.

False:
The correct answer is option 'B' - False. A business plan is valuable not only to the enterprise but also to several other parties. Here are the reasons why a business plan is valuable to various stakeholders:

1. Entrepreneurs and Business Owners: A business plan helps entrepreneurs and business owners in the following ways:
- Setting clear goals and objectives.
- Identifying target markets and customer segments.
- Developing strategies to gain a competitive advantage.
- Planning for future growth and expansion.
- Attracting investors and securing funding.

2. Investors: Investors require a business plan to assess the viability and potential return on investment of a business. They evaluate the business's financial projections, market analysis, and competitive advantage to make informed investment decisions.

3. Lenders and Financial Institutions: Lenders and financial institutions use the business plan to evaluate the creditworthiness of a business. They assess the repayment capacity, financial stability, and growth potential before providing loans or credit facilities.

4. Partners and Suppliers: Partners and suppliers may require a business plan to understand the business's goals, operations, and market positioning. It helps them assess the compatibility and potential collaboration opportunities.

5. Employees and Managers: A business plan provides clarity on the business's direction and goals, helping employees align their efforts and contribute effectively. Managers can use it as a reference to monitor progress and make informed decisions.

6. Government and Regulatory Authorities: Business plans are often required for obtaining licenses, permits, and complying with legal and regulatory frameworks. It helps government and regulatory authorities assess the business's compliance and adherence to regulations.

In conclusion, a business plan is not only valuable to the enterprise but also to various stakeholders involved in the business. It serves as a crucial tool for planning, decision-making, attracting investment, and ensuring the overall success of the business.