A(n) ___ describes the direction for a new business and the financing needed to operate it.

Question

Quizplus · Accepted Answer

A business plan provides a roadmap for a new business, outlining its goals and objectives, the products or services it will offer, its target market, competitive landscape, financial projections and a strategy for raising capital to finance operations. Choice A, competitor analysis, is a component of the business plan but only one part of it. Choices C, operating plan, and E, balance sheet, are other financial documents used in business operations but not specifically related to a new venture. Choice D, investment strategy, is also related to finance but doesn't necessarily encompass the full scope of a business plan.

A(n) ___ Describes the Direction for a New Business and the Financing