\( \mathrm{A}(\mathrm{n}) \) is a document that thoroughly explains a business idea and how it will be carried out. Select one: a. resume b. marketing plan c. analysis d. business plan
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The correct answer is d. business plan. A business plan serves as a blueprint, detailing the goals of a business, the strategy to achieve them, the financial projections, and the required resources. It’s not just a formal document; it’s a persuasive narrative that helps entrepreneurs secure funding and articulate their vision. A business plan can evolve over time, adapting to the changing market landscape and business landscape, so it’s essential to revisit and revise it regularly. Moreover, a well-crafted business plan can be the difference between success and failure, acting as a guiding light throughout the journey of building a business.