Generally, firms that are subject to high degrees of operating uncertainty, relatively short production cycles, or both, tend to use shorter planning horizons.

Question

Quizplus · Accepted Answer

Firms that face high levels of operating uncertainty or short production cycles (or both) typically need to be more responsive to changes and unexpected events. Using shorter planning horizons allows them to adjust strategies and plans more frequently, based on new information or changing market conditions. Therefore, the statement is true.

Generally, Firms That Are Subject to High Degrees of Operating