A small firm's basic path to the future is spelled out in a document called a
A)feasibility study.
B)short-range plan.
C)budget.
D)strategic plan.

Question

Quizplus · Accepted Answer

A strategic plan outlines a small firm's long-term goals and strategies for achieving them. It is a comprehensive document that takes into account the company's strengths, weaknesses, opportunities, and threats, and guides decision-making for years to come. A feasibility study assesses the viability of a particular project, while a short-range plan typically covers a period of one year or less. A budget is a financial plan that details how a company will allocate its resources to achieve its goals.

A Small Firm's Basic Path to the Future Is Spelled