All decisions made in the planning stage, which have long-range implications and are crucial to a firm's success, involve _____.
A) soul searching
B) layoffs
C) trade-offs
D) computerized input

Question

Quizplus · Accepted Answer

Trade-offs refer to the choices and sacrifices that must be made in order to pursue a certain course of action. In the planning stage, trade-offs are crucial as they involve long-term implications for the success of the firm. Soul searching and layoffs may be components of the planning process, but they are not applicable to all decisions made in this stage. Similarly, computerized input may be used to aid decision-making, but it is not a primary factor in determining the long-range implications of a decision.

All Decisions Made in the Planning Stage, Which Have Long-Range