A written document describing all relevant internal and external elements and strategies for starting a new venture,best describes:
A) a feasibility study.
B) a business plan.
C) an executive summary.
D) an environmental analysis.

Question

Quizplus · Accepted Answer

A business plan is a written document that describes all relevant internal and external elements and strategies for starting a new venture. It includes details on the product/service to be offered, target market, marketing and sales strategies, financial projections, and management team. A feasibility study is a type of analysis that examines the practicality of a proposed project or venture, but it may not cover all the components of a business plan. An executive summary is a brief overview of the key points in a business plan or other report. An environmental analysis is a process of examining the factors and forces that influence the operations and development of a business, but it may not include all the details needed to start a new venture.

A Written Document Describing All Relevant Internal and External Elements