A petroleum refinery stockpiles crude oil so that it can easily switch between producing home heating oil and gasoline,depending on relative demand.This is an example of _____ planning.

Question

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Strategic planning involves making long-term decisions about the direction of an organization. In this case, the petroleum refinery is making a decision about how to stockpile crude oil in order to be able to meet future demand for home heating oil and gasoline.

A Petroleum Refinery Stockpiles Crude Oil So That It Can