Final answer:
A firm's business model should include financial projections, target audience analysis, and competitive analysis.
Step-by-step explanation:
A firm's business model should include all of the above options: financial projections, target audience analysis, and competitive analysis.
Financial projections help the firm estimate its future revenue, expenses, and profitability.
Target audience analysis helps the firm identify its ideal customers and understand their needs and preferences.
Competitive analysis helps the firm assess its competitors and develop strategies to stay ahead in the market.