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Table 9.1 What is the rate of saving when income equals $300 billion in Table 9.1?
Standing Plans
Pre-established procedures and guidelines designed to be implemented repeatedly in situations that occur frequently within an organization.
Single-use Plans
Plans developed to achieve a set of goals that are unlikely to be repeated in the future. They are specific, unique, and not intended for recurring use.
Functional Plans
Functional plans are detailed strategies developed for specific areas within an organization, such as sales, marketing, or HR, outlining how goals will be achieved in those areas.
Operational Plans
Detailed, short-term strategies designed to achieve specific objectives within a business.
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