Asked by
Praveena Pravi
on Dec 10, 2024Verified
What type of planning addresses operational growth?
A) strategic planning
B) business planning
C) ethical planning
D) financial planning
Operational Growth
The expansion of a company's operational capacity, often leading to increased output, efficiency, or market share.
Strategic Planning
The process of defining an organization's strategy or direction and making decisions on allocating resources to pursue this strategy.
Business Planning
The process of creating a detailed plan outlining a company's goals, strategies, resources, and projected financial performance over a certain period.
- Understand the concept and importance of strategic planning in business.
Verified Answer
SM
Learning Objectives
- Understand the concept and importance of strategic planning in business.