Business planning that focuses on the next year and includes detailed revenue targets, profit objectives and compensation systems is called:
A)strategic planning.
B)operational planning.
C)budgeting.
D)forecasting.
E)this level of detail is included in all of the business planning levels.

Question

Quizplus · Accepted Answer

Operational planning focuses on the short-term objectives of a business, which includes detailed financial targets and compensation systems for the coming year. This level of detail is not typically included in strategic planning, which is focused on long-term goals, or in budgeting and forecasting, which are broader financial planning activities.

Business Planning That Focuses on the Next Year and Includes