What Focuses on Long Range Planning Such as Plant Size

question 34

Multiple Choice

What focuses on long range planning such as plant size, location, and type of process to be used?

• A) Strategic planning
• B) Tactical planning
• C) Operational planning and control
• D) None of the above

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Definitions:

Idea Generation

The process of coming up with, refining, and disseminating fresh ideas.

Strategy

A plan of action designed to achieve a long-term or overall aim.

Effectuating Approach

A strategic framework used in entrepreneurship that focuses on using available resources and means to achieve new goals, rather than setting goals first and then seeking resources.

Entrepreneur

An individual who creates, launches, and manages a new business venture, often taking on significant financial risks.