Which Type of Plan Acts as a Framework for Decisions

question 40

Multiple Choice

Which type of plan acts as a framework for decisions and assists in setting corporate benchmarks?

• A) operational
• B) tactical
• C) contingency
• D) strategic
• E) emergency

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Definitions:

R&D

Research and Development; activities undertaken by companies or governments in order to innovate and introduce new products or services.

Innovation

The process of creating new products, services, or methods that improve efficiency or provide new benefits.

Distribution Method

Strategies and channels a company uses to deliver its goods or services to consumers.

Inverted-U Theory

A hypothesis suggesting that income inequality will rise and then fall over the course of economic development, forming an inverted U-shape curve.