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\( \mathrm{A}(\mathrm{n}) \) 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

Ask by Vega Lang. in the United States
Feb 03,2025

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The correct answer is **d. business plan**.

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The correct answer is: **d. business plan** **Explanation:** A **business plan** is a comprehensive document that outlines a business idea, its objectives, strategies for achieving those objectives, market analysis, financial projections, and the operational structure. It serves as a roadmap for the business and is often used to secure funding or guide the management team. - **a. Resume**: A resume is a document that outlines an individual's work experience, education, skills, and accomplishments. It is used for job applications, not for explaining a business idea. - **b. Marketing plan**: A marketing plan specifically focuses on the strategies and tactics related to marketing a product or service. While it is a component of a business plan, it does not encompass the entire business idea and its execution. - **c. Analysis**: An analysis could refer to various types of evaluations, such as SWOT analysis, market analysis, or financial analysis. It is typically a part of a business plan but does not represent the whole document. Thus, the term that best fits the description provided is **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.

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