Plans that encompass only production or sales goals of a company are called ________ plans.
A)operational
B)strategic
C)financial
D)standing

Question

Quizplus · Accepted Answer

Operational plans are specific plans that focus on the production or sales goals of a company. These plans are short-term plans that translate the strategic plans into actionable tasks. Strategic plans, on the other hand, are long-term plans that outline the overall direction of the company, including its mission, vision, and objectives. Financial plans, meanwhile, focus on the financial activities of the company, including budgeting, forecasting, and analysis. Finally, standing plans refer to plans that are recurring and ongoing, such as policies, procedures, and rules.

Plans That Encompass Only Production or Sales Goals of a Company