DECADECA Travel and Tourism Practice Exam

What is the comprehensive business plan designed to analyze critical success factors called?

1. Strategic plan

2. Operational plan

3. Comprehensive plan

4. Financial plan

The correct answer is: Comprehensive plan

The term that describes a comprehensive business plan aimed at analyzing critical success factors is the comprehensive plan. This type of plan encompasses a broad overview of the business objectives, strategies, and the necessary steps to achieve success in the market. It includes an in-depth assessment of internal and external environments, market conditions, and various factors that can influence the organization's performance. A strategic plan specifically focuses on the long-term vision and directions of an organization but may not cover all aspects outlined in a comprehensive plan. Meanwhile, an operational plan is more concerned with the day-to-day operations and how specific tasks will be carried out to support the larger strategic goals. A financial plan primarily deals with budgeting, financial forecasting, and resource allocation, rather than a holistic analysis of success factors. Hence, while all the other plans are important, none encapsulate the extensive analysis of critical success factors quite like a comprehensive plan does.