The strategic plan deals with a company's current businesses,while annual plans involve adapting the firm to take advantage of opportunities in the environment.

Question

Quizplus · Accepted Answer

The statement is incorrect as strategic plans also involve adapting the firm to take advantage of opportunities in the environment. Annual plans, on the other hand, focus on setting yearly goals and objectives to achieve the overall strategies outlined in the strategic plan.

The Strategic Plan Deals with a Company's Current Businesses,while Annual