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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
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1 Answer

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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
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