A large chain of pharmacies wants to be recognized as the pharmacy of choice when the members of the Baby Boomer generation enter their 60s.The pharmacy chain has developed a 10-year plan and is on track to meet its objectives.What is this plan called?

Question

Quizplus · Accepted Answer

A strategic plan is a long-term plan (usually 5-10 years) that outlines an organization's goals, objectives, and strategies to achieve them. The fact that the pharmacy chain has developed a 10-year plan to meet its objectives indicates that it is a strategic plan.

A Large Chain of Pharmacies Wants to Be Recognized as the Pharmacy