In considering financial planning, the type of planning that focuses more on the overall direction of the business and the industry is:
A)Deterministic
B)Strategic
C)Operational
D)Probabilistic

Question

Quizplus · Accepted Answer

Strategic planning is the type of planning that focuses on the long-term direction of the business and the industry. It considers factors such as market trends, competition, and customer needs in order to determine the best course of action for the company. This type of planning helps ensure that the business is heading in the right direction to achieve its goals and objectives. Deterministic and probabilistic planning focus on risk and uncertainty, while operational planning focuses on day-to-day activities and tasks.

In Considering Financial Planning, the Type of Planning That Focuses