124k views
5 votes
Formal planning activities are essential when creating a comprehensive business plan to minimize risk and improve the rate of success. Which of the following is not a component of a comprehensive business plan?

a. Financial Projections
b. Market Analysis
c. Competitive Analysis
d. Daily Operational Checklist

User Silidrone
by
8.7k points

1 Answer

5 votes

Final answer:

The option 'Daily Operational Checklist' is not a component of a comprehensive business plan, which should include broader strategic elements such as market analysis, competitive analysis, and financial projections.

Step-by-step explanation:

The student has asked which of the following is not a component of a comprehensive business plan: a. Financial Projections, b. Market Analysis, c. Competitive Analysis, or d. Daily Operational Checklist. Among these options, a daily operational checklist is typically not included in a comprehensive business plan. Instead, a comprehensive business plan will focus on broader aspects that are essential for planning and creating a strategy for the business to succeed. These components usually include a market analysis, which evaluates the industry and potential customer base; competitive analysis, which assesses the competitors within the market; and financial projections, which estimate future revenue, expenses, and profitability.

User Dmitry Fedorkov
by
8.4k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories