Future Business Leaders of America (FBLA) Entrepreneurship Practice Test

Which one of the following is not part of the executive summary section of the business plan?

1. Company Overview

2. Competition Information

3. Market Analysis

4. Financial Highlights

The correct answer is: Competition Information

The executive summary is a critical section of a business plan that provides a concise overview of the entire document, highlighting key points that encapsulate the business idea and its viability. It typically includes a company overview, which describes what the business is, what it offers, and its goals. Financial highlights are also essential in this section, as they summarize the financial expectations and projections of the business. Market analysis provides insights into the industry, market trends, target customers, and competitive landscape, which are generally detailed later in the business plan rather than in the executive summary. Competition information, while relevant to understanding the market environment, is also part of the more detailed analysis sections of the business plan rather than the executive summary. Thus, while company overview, financial highlights, and even brief insights into market conditions might be included, detailed competition information is typically not included in the executive summary, making it the correct choice in this context.