Final answer:
A template is a file that contains pre-designed formatting and text for common business documents such as letters, business cards, and memos.
Step-by-step explanation:
A template is a file that contains pre-designed formatting and text for common business documents such as letters, business cards, and memos. It provides a structure and layout for these documents, making it easier for users to create professional-looking materials. Templates can be customized with specific content and design elements to suit individual needs.