The long-term strategic planning process is dependent upon qualitative forecasting methods.

Question

Quizplus · Accepted Answer

Long-term strategic planning involves forecasting methods that rely on expert opinions, industry trends, and other qualitative data to project future scenarios. Quantitative forecasting methods, which rely on numerical data, may also be used, but qualitative methods are often more appropriate for long-term planning due to their ability to capture non-numerical factors that can affect the strategy's success.

The Long-Term Strategic Planning Process Is Dependent Upon Qualitative Forecasting