The top management of Darryl's Detailing Center decides that the company's objective for the next two years will be to expand the overall business to include locations in other states. This is an example of ________ planning.

Question

Quizplus · Accepted Answer

This is an example of strategic planning. A firm's highest managers develop its strategic plans, which establish the long-range objectives and overall strategy or course of action by which the firm fulfills its mission. Strategic plans generally cover periods ranging from one year or longer. They include plans to add products, purchase companies, sell unprofitable segments of the business, issue stock, and move into international markets.

The Top Management of Darryl's Detailing Center Decides That the Company's