A Key Component of the Operating Plan Development Process Is

question 98

Multiple Choice

A key component of the operating plan development process is:

• A) Identification of required staffing, infrastructure, and process
• B) Identification of the up-front and ongoing cost commitments which must be made in order to develop the market opportunity which the business has decided to focus on
• C) Seek out acquisitions, collaborations, and strategic alliances which complement existing products and capabilities
• D) Expand current market presence
• E) Identify what businesses to compete in

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Definitions:

Selling

The act of persuading someone to buy a product or service, typically involving identifying customer needs and demonstrating how a product meets them.

Delegating

The process of assigning responsibility and authority to others to carry out specific activities, while retaining accountability for the outcome.

Consultative Decision

A decision-making process where leaders seek the input and advice of their team members before making a final decision.