Final answer:
The questions listed are answered in a well-crafted Business plan, which includes market, product, competitive, and financial details essential for strategic business decisions.
Step-by-step explanation:
The questions Who are our customers?, What are our major products or services?, and In what geographic areas do we compete? are all important components of a good Business plan. A business plan outlines the strategic direction of a company and includes information about target markets, products and services, competition, marketing strategies, and financial projections. It serves as a detailed roadmap for the business, guiding decision-making and business development strategies. It also helps to answer crucial questions concerning market power, product differentiation, and barriers to entry which are all elements that define the market structure. Moreover, information about production and cost conditions is crucial, as this can influence decisions about what products to produce, how to produce them, the amount of output, and pricing strategies.