____ addresses long-term questions of how a company distinguishes itself from its competitors.
A) Operational planning
B) Strategic planning
C) Internal planning
D) Financial planning

Question

Quizplus · Accepted Answer

Strategic planning addresses long-term questions of how a company distinguishes itself from its competitors by defining its vision, mission, values, and setting goals and objectives to achieve them. Operational planning focuses on shorter-term activities to achieve the goals outlined in the strategic plan. Internal planning relates to the company's internal processes and functioning. Financial planning focuses on managing a company's finances and resources.

____ Addresses Long-Term Questions of How a Company Distinguishes Itself