Explain the purposes of each of the elements of the business plan development process outlined in this book

List and explain the elements of the business plan development process outlined in this book.Explain the purposes of each of the elements of the business plan development process outlined in this bookApply general business planning guidelines and formatRead Chapter 5 in your textbook (Links to an external site.) – https://openpress.usask.ca/entrepreneurshipandinnovationtoolkit/chapter/chapter-5-business-planning/ Business Planning.As you get to the middle of the chapter, you will see a section on General Business Plan Format, which lists and explains the elements that should be included in a business plan.For this module’s written assignment, you will create a business plan outline.