A __ is a precise statement of the rationale for the business and a step-by-step explanation of how it will achieve its goals. perceptual map financial statement business plan market summary

The correct answer is "business plan." <br /><br />A business plan is a precise statement of the rationale for the business and provides a step-by-step explanation of how it will achieve its goals. It typically includes details about the business's objectives, strategies, target market, financial projections, and operational plans.