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

A business plan typically includes several key components that outline the strategy and operational plan for a business. These components help potential investors, stakeholders, and management understand the business's goals, market strategies, financial projections, and operational structure.

The description of the business provides a general overview of what the business does, its mission, and its core activities. The marketing plan outlines the strategies for promoting and selling products or services, detailing target markets and competitive positioning. The financial management plan includes projections for revenue, expenses, and funding requirements, ensuring there is a clear path toward financial sustainability.

In contrast, an employee performance evaluation is not a fundamental element of a business plan. While employee performance is crucial for a company's success, evaluations typically occur as part of ongoing human resource practices rather than as a component of initial business planning. This distinction clarifies why the evaluation is not seen as a critical element of a business plan.