A written document that describes the proposed venture in terms of the product or service opportunity, current resources, and financial projections is called a(n):
A)financial plan
B)business plan
C)entrepreneurial plan
D)survival plan

Question

Quizplus · Accepted Answer

A business plan is a written document that outlines the proposed venture, including information on the product or service, the resources available, and financial projections. A financial plan focuses only on the financial aspects of the venture, while an entrepreneurial plan may be more broad in scope and include information on the overall entrepreneurial strategy. A survival plan typically refers to a contingency plan for a business in a crisis or emergency situation, rather than a detailed outline of a new venture.

A Written Document That Describes the Proposed Venture in Terms