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4 January, 10:51

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

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Answers (1)
  1. 4 January, 11:34
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    A) Deciding where to locate a new manufacturing plant

    Explanation:

    Strategic planning is the process in which the company sets its goals for the future, and makes plans to achieve those goals.

    Strategic planning is therefore, a process focused on the future, not on daily activities, and is usually the main job of the CEO.

    Deciding where to locate a new manufacturing plant is an example of strategic planning because expanding manufacturing capacity is a form of planning growth for the future of the firm.
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