What document outlines a business's nature, goals, and objectives?

A business plan is a comprehensive document that outlines a company's nature, goals, and objectives, serving as a roadmap for its operations and future growth. It includes detailed descriptions of the business concept, target market, competitive analysis, financial projections, and strategies for achieving the set goals. A well-structured business plan not only provides a strategic vision but also can be used to secure funding from investors or financial institutions.

In contrast, a business proposal generally focuses on a specific project or business opportunity and is often aimed at securing contracts or agreements. A business overview is typically a brief summary or a snapshot of the business and may not encompass the depth of information included in a business plan. A business strategy refers to the methods and tactics that a business uses to achieve its objectives, but does not necessarily lay out the overarching goals and comprehensive nature of the business itself.