'Forecasts are made for 3-5 years ahead and assumptions made about the circumstances under which they should be achieved. Broad sets of benchmarks are used, including financial controls, capacity utilization and productivity improvements'. These statements describe which stage of the corporate planning development process:

Question

Quizplus · Accepted Answer

The statements describe the long-term (forecast-based) planning stage, which involves making forecasts for future years and setting broad benchmarks to guide the achievement of these forecasts, including financial and operational goals.

'Forecasts Are Made for 3-5 Years Ahead and Assumptions Made