Which type of plan acts as a framework for decisions and assists in setting corporate benchmarks?
A)operational
B)tactical
C)contingency
D)strategic

Question

Quizplus · Accepted Answer

A strategic plan is a long-term plan that outlines an organization's goals and strategies to achieve those goals. It acts as a framework for decisions and assists in setting corporate benchmarks, making it the best fit for the given description. Operational plans deal with day-to-day operations, tactical plans focus on achieving short-term goals, and contingency plans are put in place to address unexpected events.

Which Type of Plan Acts as a Framework for Decisions