Leaving Certificate Business Definitions Practice Test

A document that lays out how a business will operate and succeed is a business plan. It acts as a roadmap, detailing what the business will offer, who its customers are, and how it will compete in the market. It also explains how day-to-day operations will run, what resources are needed, and how success will be measured through goals and financial projections. This plan guides decisions, helps manage risks, and is commonly used to secure funding from lenders or investors by showing a clear path to profitability. Other terms don’t fit because organic growth describes growth from the business’s existing operations rather than a formal plan; synergy refers to the added value from working together, not a document; and agri-business denotes a sector or type of business, not a document.