Which of the following is NOT a key function of a business plan?

A business plan serves several critical purposes that assist in guiding a business's strategy and securing support from external parties. Among these functions is its role as a planning tool, which helps entrepreneurs outline their business goals, strategies to achieve them, and the resources required. Additionally, it acts as a loan or investor document, providing potential financiers with insights into the business model and financial projections, which helps them make informed decisions about investment.

Another function of a business plan is as a benchmarking tool, where it allows business owners to measure their actual performance against their initial goals and strategies, thus enabling adjustments when necessary to stay on track.

However, contract documents are not inherently considered a key function of a business plan. While contracts may be relevant to the broader scope of operating a business, they do not serve the primary functions associated with a business plan, such as outlining strategic direction or securing funding. As a result, differentiating these roles highlights that contract documents are not a core aspect of what a business plan is intended to accomplish.