An Example of Strategic Planning Is

question 24

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. Strategic planning addresses long-term decisions involving large amounts of money.

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Definitions:

Depreciation Expense

Depreciation expense represents the allocated cost of an asset's reduction in value over time, reflecting the wear and tear or obsolescence of long-term assets used in business operations.

Nonmanufacturing Cost

Expenses not directly related to the production of goods, such as selling, general, and administrative expenses.

Office

An office is a room, set of rooms, or building where the work of a business or organization, particularly clerical work, is conducted.

Salesperson Commissions

are the payments made to sales staff based on the value or volume of sales they have made.