Which of the following is one of the five competitive events available?

The correct answer, E-business, is indeed one of the established competitive events offered by FBLA. This event challenges participants to develop and present a comprehensive business plan for an online venture, which involves understanding various aspects of e-commerce, including marketing strategies, website development, and financial projections.

E-business as a competitive event reflects the growing importance of digital commerce and the necessity for students to demonstrate proficiency in online business practices. This aligns with the goals of FBLA to prepare students for the complexities of the modern business landscape.

Other options like Brand Launch, Nonprofit Analysis, and Market Simulation may be related to business concepts and training, but they are not recognized as official competitive events within the FBLA framework, thus highlighting E-business as the relevant and correct option for this question.