A business plan for a new business does NOT need to include Multiple Choice any advantages relative to the competition. a discussion of the purpose of the business. a description of the company background. the names of the prospective lending companies.

the names of the prospective lending companies.

Explanation:

A business plan can be defined as a written document that gives a detailed description or information about a business's (usually new) operational and financial objectives, strategies and how to achieve its goals.

The business plan usually provides the following informations;

1. Any advantages relative to the competition.

2. A discussion of the purpose of the business.

3. A description of the company background.

However, a business plan for a new business does not need to include the names of the prospective lending companies.

1. avoid them

2. a talk with them

3. ask someone you trust

4. ignore

5. call police