_______ is a comprehensive project report encompassing the entire ran…

Read the following passage and answer the questions given below:

Mr. Raghu was a young entrepreneur who wanted to start a new business with an initial investment of 30 lakhs. He was confused about what business he has to undertake. His friend suggested taking help of professionals who would spot the latest profitable trends in the market and give him an idea. However, Raghu was not ready and he wanted to do everything on his own. He started preparing a business plan. He consulted many expert professionals to get insights on various disciplines. He used a slide show and oral narrative to trigger discussion with potential investors. He gave a description of the business venture which included details on site, physical infrastructure, transport and communication system etc. Operational plan was also developed by Raghu. Another very important plan - financial plan was also included by him. This plan mentions the sources of funds, the various financing, investment and dividend decisions taken up by the entrepreneur. The business plan must be comprehensively written to ensure success of any enterprise.