Question

Before opening his own business, Kareem was writing a report that details the specifics of his ideas and future business operations. This document is known as a:

a.
competitive analysis.
b.
mission statement.
c.
SWOT analysis.
d.
business portfolio.
e.
business plan.

Answer 1

A business plan is a formal written document that describes the goals of a business, its strategies for achieving those goals, and the expected financial outcomes.

Step-by-step explanation:

The document that Kareem is writing, which details the specifics of his ideas and future business operations, is known as a business plan. A business plan is a formal written document that describes the goals of a business, its strategies for achieving those goals, and the expected financial outcomes. It includes sections such as an executive summary, company description, market analysis, marketing strategy, operational plan, and financial projections.