The Most Complete Description of the Planning Process for a Business

question 23

Multiple Choice

The most complete description of the planning process for a business is:

• A)setting objectives and short-term plans.
• B)setting objectives, long-term plans, and short-term plans.
• C)setting objectives and detailed budgets.
• D)setting long-term objectives and long-term plans.

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Definitions:

SWOT Analysis

A strategic planning tool used to identify and understand the Strengths, Weaknesses, Opportunities, and Threats related to a business or project.

Projected Hurricanes

Forecasted tropical cyclones that are expected to develop into hurricanes based on meteorological data.

Product Offerings

The range of products or services that a company makes available for customers.

Survival Kits

Pre-assembled packages containing essential items and tools intended to aid survival in emergency situations or disasters.