Cambridge O Level Business Studies · Syllabus 7115 · Understanding Business Activity
Business Plan
What is Business Plan?
A written document setting out a business idea and how it will be put into practice, typically covering the product, objectives, target market, market research, marketing plan, operations, people, financial forecasts and the funding required. It tests whether the entrepreneur's assumptions fit together and supports applications to lenders and investors.
This definition is part of the Understanding Business Activity chapter in Cambridge O Level Business Studies.
Last reviewed Syllabus 2026