A business plan is a firm's plan or diagram for how it competes, uses its resources, structures its relationships, interfaces with customers, and creates value to sustain itself on the basis of the profits it earns.

Question

Quizplus · Accepted Answer

A business plan is a formal document detailing a firm's goals, strategies, and financial forecasts, while a business model describes how a firm creates, delivers, and captures value.

A Business Plan Is a Firm's Plan or Diagram for How