Setting a business's budget and introducing a new product are examples of ________.
A) service processes
B) operational processes
C) managerial processes
D) strategic processes

Question

Quizplus · Accepted Answer

Setting a business's budget and introducing a new product are both strategic processes, which involve long-term planning and decision-making with the goal of achieving the organization's overall objectives. Service processes involve delivering a service to customers, while operational processes involve the day-to-day operations of a business, such as managing inventory or scheduling employees. Managerial processes involve overseeing and directing employees and resources within a business.

Setting a Business's Budget and Introducing a New Product Are