The first part of a business plan.Select one:a.Market Analysisb.Table of Contentsc.Contingenciesd.Mission and Strategy Statement

When creating a business plan, the first part typically focuses on outlining the purpose and foundational elements of the business. The options provided relate to different sections of a business plan. Here’s a brief explanation of each:

1. Market Analysis: This section involves researching and analyzing the market dynamics, including target audience, competitors, and market trends. It's typically included later in the business plan after the mission and strategy.

2. Table of Contents: While an essential element for organization, the table of contents is not a substantive part of the business plan itself but rather guides readers through the document.

3. Contingencies: This section addresses potential risks and plans to mitigate those risks. It is important but generally discussed after the core components of the business plan are laid out.

4. Mission and Strategy Statement: This is usually the first substantial section, defining the purpose of the business, its core values, and strategies for achieving its goals.

Conclusion

Given these explanations, the correct answer for the first part of a business plan is d. Mission and Strategy Statement. This section lays the groundwork for the entire plan, clarifying what the business aims to achieve and how it plans to do so.