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What is a business plan?

Answer and explanation

Correct answer: A written outline of business goals, activities, and resources

A business plan is a structured written document that explains what a business wants to achieve and how it will operate. It may include the product or service, target customers, market situation, resources, activities, costs, and expected income. Option A is correct because it captures the plan’s guiding role. An advertisement, employee list, or profit receipt represents only one narrow item.

Related tags

Business-PlanGoalsResourcesIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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