You have been working as an intern for your father's construction company and have been asked to sit in the on the company revisioning meeting. Because this is your first time in a marketing planning meeting, you are somewhat confused about the jargon being used. One of the employees explains to you, the difference between strategic planning and tactical planning, and asks you to provide examples so she can make sure you understand the concepts. Which of the following is an example of a strategic plan?
Within the next ten years, we want to open 20 locations.
Hire a new COO to guide company expansion.
Ensure that company makes 35% profit annually for the next three years.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “You have been working as an intern for your father's construction company and have been asked to sit in the on the company revisioning ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
In Sheridan Company, the Cutting Department had beginning work in process of 9000 units, transferred out 24600 units, and had an ending work in process of 3500 units. How many units were started by Sheridan during the month?
Answers (1)
Operational efficiency is: Group of answer choices driving the business strategy ensuring the right tasks are performed decreasing the firm's input requirements increasing the firm's output while hold input level or reducing them
Answers (2)
La Jolla Beverage Products is considering producing a wine cooler that would be a blend of a white wine, a rose wine, and fruit juice.
Answers (1)
Identify whether each of the following examples belongs in M1 or M2. If an example belongs in both, be sure to check both boxes. Example M1 M2 Deborah has S6,000 in a six-month certificate of deposit (CD).
Answers (1)
When the price level decreases: Group of answer choices The demand for money falls and the interest rate falls Holders of financial assets with fixed money values decrease their spending Holders of financial assets with fixed money values have less
Answers (2)
New Questions in Business
You are the production manager for the toy manufacturing process at the abc company. lumber company right arrow→ abc toy manufacturing company right arrow→ toy store at the mall an example of an internal supplier is a. the toy store at the mall. b.
Answers (1)
g Suppose you have a possible investment that costs $100 today but, starting one year from now, pays $5 in some years with probability 1/3, and in other years pays $10 with probability 1/3, and in other years pays 8$ with probability 1/3.
Answers (1)
On December 31, 2019, Hamilton Inc. sold a used industrial crane for $1,120,000 cash. The original cost of the crane was $5.38 million and its accumulated depreciation equaled $4.39 million on December 31, 2019.
Answers (1)
The transactions completed by Franklin Company during January, its first month of operations, are listed below. Assume that Franklin Company uses the following journals: cash receipts (CR), cash payments (CP.
Answers (1)
A Company's perpetual preferred stock sells for $102.50 per share, and pays a $9.50 annual dividend. If the company were to issue a new preferred issue, a flotation cost of 4.00% would be paid to the investment bankers.
Answers (1)