An Example of Strategic Planning Is

question 35

Multiple Choice

An example of strategic planning is:

• A)Deciding where to locate a new manufacturing plant.
• B)Forecasting next week's demand of a given product item.
• C)Targeting customer demand for aggregate product families.
• D)Setting inventory levels for a given product.

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Definitions:

Risk And Innovation

The process of introducing new and imaginative ideas, goods, or methods despite potential obstacles or failures, acknowledging that taking risks is an inherent part of achieving breakthroughs.

Leadership Characteristics

Qualities and traits that are typically found in effective leaders, such as integrity, vision, and ability to motivate.

Responsibility

An obligation or duty to properly act or perform tasks, showing accountability.

Creativity

Employing creativity or novel concepts in the production of new creations; the ability to innovate.