Before opening his own business, Kareem was writing a report that details the specifics of his ideas and future business operations. This document is known as
A) a SWOT analysis.
B) a business portfolio.
C) a business plan.
D) a competitive analysis.
E) a mission statement.

Question

Quizplus · Accepted Answer

A business plan is a written document that outlines the goals of a business, its strategies for achieving those goals, and the operational and financial details that support the strategies. It typically includes market research, financial projections, and a description of the products or services the business will offer. The plan is used to evaluate the feasibility of the business and to secure funding or investment.

Before Opening His Own Business, Kareem Was Writing a Report