The decision to enter a new market is an example of
A)strategic planning
B)tactical planning
C)management control
D)operational control

Question

Quizplus · Accepted Answer

The decision to enter a new market is a high-level decision that requires strategic planning, which involves determining long-term goals and developing strategies to achieve them. Tactical planning (B) involves short-term planning and the implementation of strategies, while management control (C) and operational control (D) focus on overseeing and optimizing day-to-day operations.

The Decision to Enter a New Market Is an Example