A detailed written statement that describes the nature of the business, the target market, the firm's competitive advantages, as well as the owner's resources and qualifications is a

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A business plan is a comprehensive document that outlines the goals, strategies, products/services, target market, financial projections, and challenges of a business. It also includes information about the owner's qualifications, resources, and competitive advantages. A business plan is a crucial tool for entrepreneurs to secure funding, attract potential partners, and guide business operations.

A Detailed Written Statement That Describes the Nature of the Business