Tandem Industries is a cycle manufacturer. As part of its planning activities, it sets an objective to increase its market share by 5 percent within 3 years. This is an example of a(n) ________ objective.
A) short-term
B) intermediate-term
C) long-term
D) suboptimal
E) principled

Question

Quizplus · Accepted Answer

An intermediate-term objective typically spans one to three years, making it the best fit for the objective presented in the scenario. Short-term objectives usually have a time frame of less than a year, while long-term objectives extend beyond three years. "Suboptimal" and "principled" are not relevant terms in this context.

Tandem Industries Is a Cycle Manufacturer