Esselte is one of the world's leading producers of office supplies. The company forecasts that its profits will double by the year 2020, and its financial manager will need to determine what should be done with the increased earnings. This forecast is part of which of the following activities?

Question

Quizplus · Accepted Answer

The forecast of the company's profits doubling by the year 2020 is part of the company's strategic plan, which outlines long-term goals and objectives for the organization. This would include decisions about how to allocate increased earnings, such as investing in research and development or expanding into new markets.

Esselte Is One of the World's Leading Producers of Office