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

Question

Quizplus · Accepted Answer

Operational plans are those that focus on specific areas of a company's operations, such as production or sales. These plans are often short-term and detail-oriented, designed to ensure that daily activities are aligned with the overall goals of the company. Strategic plans, on the other hand, are long-term plans that encompass the overall direction and goals of a company. Financial plans focus on the financial aspects of a company's operations, such as budgeting and forecasting. Informal plans are non-official plans that are not documented, but are rather communicated verbally or through informal channels.

Plans That Encompass Only the Production or the Sales Goals