Which of the following is NOT a component of a business plan?

A business plan typically includes several key components that outline how a business will operate, market itself, and achieve financial success. The executive summary provides a concise overview of the business, summarizing essential information such as the business concept, financial features, and current business position. Market analysis assesses industry trends, target market demographics, and competitive landscape, helping to identify opportunities and potential challenges. Financial projections detail anticipated revenue, expenses, and profitability, presenting a financial roadmap for stakeholders.

In contrast, a customer feedback report, while valuable for understanding customer needs and preferences, is not a formal component of a business plan. This type of report gathers insights from customers, which can inform various aspects of a business's strategy but does not serve the foundational purpose of laying out the overall business strategy and projected financial performance. Thus, it stands apart from the established components that collectively form a comprehensive business plan.