Which of the following is NOT a component of a business plan?

In the context of a business plan, each component plays a distinct and essential role in outlining the strategy and direction of the business. The executive summary gives an overview of the entire business plan, summarizing the key points and goals. The vision statement articulates the long-term aspirations and purpose of the business, providing clarity and direction for future growth. Financial documents are critical in illustrating the economic viability of the business, including projections and budgeting.

Client feedback, while valuable to the operation and improvement of a business, is not typically regarded as a formal component of a business plan. It serves more as an ongoing input that can influence changes and adjustments after the plan is in motion, rather than a foundational element required when outlining the initial strategy or structure of the business. Thus, identifying client feedback as not being a component of a business plan highlights its distinction from the core elements essential to formulating a comprehensive and strategic business approach.