An effective business plan analyzes the competition and identifies the resources required to profitably serve a target market.
An effective business plan must consider all the aspects of operating a new business in detail.

Question

Quizplus · Accepted Answer

An effective business plan should consider all the aspects of operating a new business in detail, which includes analyzing the competition and identifying the resources required to profitably serve a target market.

An Effective Business Plan Analyzes the Competition and Identifies the Resources