When the owner of a professional sport franchise bids for a franchise in a new league in another sport in another city, this would fall under which of the following?

Question

Quizplus · Accepted Answer

Bidding for a franchise in a new league in another sport in another city involves strategic planning. It requires long-term vision and consideration of how this move fits into the overall direction and goals of the owner's business interests. Strategic planning involves setting objectives and determining a course of action for achieving those objectives, which is precisely what is involved in deciding to expand into a new market or sport.

When the Owner of a Professional Sport Franchise Bids for a Franchise