The type of planning that involves long-term decisions,such as defining the scope of the business and deciding what products to make,is known as:
A) Continuous planning.
B) Strategic planning.
C) Capital budgeting.
D) Operations budgeting.

Question

Quizplus · Accepted Answer

Strategic planning involves making long-term decisions and defining the scope of the business, such as deciding what products to make. Continuous planning, on the other hand, involves making ongoing adjustments and improvements to the business plan. Capital budgeting involves making decisions about how to allocate financial resources, such as deciding which projects to invest in. Operations budgeting involves creating a budget for day-to-day expenses and activities within the business.

The Type of Planning That Involves Long-Term Decisions,such as Defining