The business plan is a written document that defines and articulates how the particular opportunity will be developed and exploited.

Question

Quizplus · Accepted Answer

The statement is correct. A business plan is a written document that outlines the strategies, goals, and action plans for developing and exploiting a particular opportunity. It includes market analysis, financial projections, marketing plans, and operational strategies that help the entrepreneur to achieve success in the proposed venture.

The Business Plan Is a Written Document That Defines and Articulates