An example of strategic planning is:
A)Deciding where to locate a new manufacturing plant.
B)Forecasting next week's demand of a given product item.
C)Targeting customer demand for aggregate product families.
D)Setting inventory levels for a given product.

Question

Quizplus · Accepted Answer

Deciding where to locate a new manufacturing plant requires long-term planning and strategic decision-making, taking into account factors such as labor availability, transportation infrastructure, access to raw materials, and local regulations. Forecasting next week's demand, targeting customer demand, and setting inventory levels are all more tactical and operational in nature, focused on addressing current demand levels and managing inventory levels in the short term.

An Example of Strategic Planning Is