An example of strategic planning is:
A)Deciding where to locate a new manufacturing plant.
B)Forecasting next week's demand of a given product item.
C)Targeting customer demand for aggregate product families.
D)Setting inventory levels for a given product. Strategic planning addresses long-term decisions involving large amounts of money.

Question

Quizplus · Accepted Answer

Strategic planning involves making long-term decisions that will have a significant impact on the organization. Deciding where to locate a new manufacturing plant is a strategic decision because it requires a significant amount of investment and will have long-term implications for the organization's operations and profitability. The other options listed are more short-term or operational decisions that do not involve large amounts of money or have as significant an impact on the organization's overall strategy.

An Example of Strategic Planning Is