Why is it important for organizations to have a business continuity plan in place?

. Why is it important for organizations to have a business continuity plan in place?

2. Why is important for organizations to have a disaster recovery plan?

3. If companies have both a BCP and a DRP in place do they need to have an incident response plan? Please explain. 

minimum 250-300 words. 2 references. APA format. No plagiarism.