Which of the following is a formal written statement that describes in detail the idea for a new business and how it will be carried out?

Question

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A business plan is a formal written statement that describes in detail the idea for a new business and how it will be carried out. It includes information about the target market, competition, marketing strategies, financial projections, and other important aspects of starting and running a business. A mission statement, vision, and statement of purpose are also important components of a business plan but focus on specific aspects of the business rather than the overall plan.

Which of the Following Is a Formal Written Statement That