A ________ is a formal document that states the goals of the business as well as the intended process for reaching those goals.

Question

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A business plan is a formal document that outlines the goals of a business and the strategies that will be used to achieve those goals. This plan typically includes information about the company's mission, products or services, target market, competition, financial projections, and marketing plan. A strategy (A) is a broader term that can refer to the overall approach a company takes to achieve its goals. A prospectus (C) is typically used in finance as a document that provides information about an investment opportunity, such as an initial public offering. A vision statement (D) is a short, inspirational statement that describes a company's aspirations for the future, but it does not provide specific details about how those aspirations will be achieved.

A ________ Is a Formal Document That States the Goals