A document describing the business, itsgoals, and how the goals will be met best describes the termbusinessplan.Abusinessplandescribes in precise detail the ambitions of a business and how it plans to achieve them. A business plan offers a thorough road map for the company 's branding, economic, and operatinggoals. Both new and established firms employ business plans. An essential document aimed at both internal and external audiences is a business plan. For instance, before a business has developed a track record that can be relied upon, a business plan is also used to entice investment. Obtaining loans fromfinancialorganizations might also be aided by it.Every business ought to have abusinessplan, even though they're particularly helpful for start-ups. To reflectgoalsthat have changed or been attained, the plan should ideally be reviewed andupdatedon a regular basis.This question is incomplete. The complete question is, "Which of the following best defines the term business plan?A letter from the business owner introducing him or herself.A document describing the business, its goals, and how the goals will be met.A spreadsheet that proves the business will make a lot of money.A document that describes the business in the best light possible."Learn more aboutBusiness Planhere:brainly.com/question/1958071#SPJ4...

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