'Organizations set budgets and costs, and revenues and profits are forecasted one year ahead. Companies know which product lines are profitable but little emphasis is placed on market developments'. These statements describe which stage of the corporate planning development process:

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The statements describe the Financial planning stage, where organizations focus on setting budgets, forecasting costs, revenues, and profits, often with an emphasis on the financial aspects of operations rather than market developments or strategic positioning.

'Organizations Set Budgets and Costs, and Revenues and Profits Are