What Should the Operations Section of a Long-Term Business Plan

question 10

Multiple Choice

What should the operations section of a long-term business plan include?

• A)Location
• B)Proximity to supplies
• C)Access to transportation
• D)All of these choices

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Definitions:

Public Sector Failure

A situation where government interventions in the economy fail to allocate resources efficiently, leading to a loss of economic welfare.

Economically Inefficient Outcomes

Situations where resources are not allocated optimally, leading to a decrease in overall welfare or a misallocation of resources that could result in lost benefits for society.