Which of the following is not part of a business plan?

A business plan typically includes several key components that help outline the vision, strategy, and financial expectations of a business. The executive summary provides a concise overview of the business, including its mission and objectives. Market analysis is crucial for understanding the competitive landscape, potential customer demographics, and market trends, helping to justify the business strategy. Financial projections offer insight into the expected financial performance of the business, detailing revenue, expenses, and profitability over time.

In contrast, a letter of intent is generally a preliminary document expressing a party's intention to enter into a formal agreement or contract. While letters of intent can be important in certain business negotiations, they do not form a core part of a business plan. They typically serve a different purpose, focusing on negotiation and relationship-building rather than outlining the framework and operational strategy of a business.