The part of the formal business plan in which you discuss the industry,business structure,products and services,and how you plan to make your business a success is called the ______.

Question

Quizplus · Accepted Answer

The section of a formal business plan that covers the industry, business structure, products and services, and how the business plans to succeed is known as the business concept. The other options are incorrect because a market plan refers specifically to a marketing strategy, a business brief is too general and doesn't cover these specific details, and the financial statement focuses primarily on the financials of the business.

The Part of the Formal Business Plan in Which You