Operational Plans Define What Needs to Be Done in Specific

question 45

True/False

Operational plans define what needs to be done in specific functions or work units in order to implement strategic plans and achieve strategic objectives.

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Definitions:

Transaction Management

Building and promoting products in the hope that enough customers will buy them to cover costs and earn profits.

Industrial Revolution

The period of significant industrial growth that occurred during the 18th and 19th centuries, marked by the introduction of machinery and the move from agricultural to industrial economies.

Supply for Jobs

The concept refers to the availability of employment opportunities within a market or sector.

Demand for Workers

The need for labor by employers, typically driven by economic conditions and the requirements of the job market.