If a firm decides to make a major investment in a firm that supplies raw materials to it,this would be an example of ______________ planning.If a university decides to add courses in ethics and business analysis to its master's degree program,this would be an example of ____________ planning.

Question

If a firm decides to make a major investment in a firm that supplies raw materials to it,this would be an example of ______________ planning.If a university decides to add courses in ethics and business analysis to its master's degree program,this would be an example of ____________ planning.​

Quizplus · Accepted Answer

Investing in a supplier is a strategic decision as it impacts the long-term supply chain and sustainability of the firm's operations. Adding new courses to a master's degree program is a tactical decision as it relates to the short-term adjustments or improvements within the program. Therefore, the best choices are strategic planning for the first scenario and tactical planning for the second scenario. Choice E is the only one that includes both strategic and tactical planning.

If a Firm Decides to Make a Major Investment in a Firm