Plans that encompass only the production or the sales goals of a company are termed ________ plans.
A) operational
B) strategic
C) informal
D) financial
E) real

Question

Quizplus · Accepted Answer

Operational plans are concerned with specific objectives related to production, sales, or other operational aspects of the business. Strategic plans, on the other hand, are broad-based and focus on long-term goals and direction of the company. Informal plans are not documented, and financial plans are focused primarily on managing financial resources. Real plans are not a recognized type of plan in business management.

Plans That Encompass Only the Production or the Sales Goals