What is a statement of long-range strategy including revenue, cost, and profit objectives?

A business plan serves as a comprehensive document that outlines the long-term strategy of an organization. It typically includes details regarding the company's revenue targets, cost management strategies, and profit objectives, which are essential for guiding the business towards its goals. A well-structured business plan not only defines the direction of the company but also highlights how resources will be allocated and managed over time to achieve these financial aims.

The other choices, while related to planning and strategy, do not encapsulate the complete range of elements found in a business plan. For instance, a sales and operations plan focuses primarily on balancing supply and demand over a specific timeframe and may not provide the holistic view of revenue, cost, and profit strategies that a business plan does. Similarly, an action plan outlines specific tasks and initiatives required to implement the strategies but lacks the broader financial targets. A tactical plan pertains to more immediate strategies that support operational activities and does not usually cover long-term revenue and profit objectives in detail. Thus, the business plan is the most accurate choice for representing a long-range strategy that includes critical financial objectives.