Which of the following are intended to provide benchmarks for the evaluation of the company's progress in achieving its aim?
A) Mission
B) Long-term objectives
C) Grand strategies
D) Business policies

Question

Quizplus · Accepted Answer

Long-term objectives are specific, measurable, and time-bound goals that companies aim to achieve within a given time frame. These objectives are used to evaluate the company's progress towards achieving its mission, vision, and overall strategic goals. Therefore, long-term objectives are intended to provide benchmarks for the evaluation of the company's progress in achieving its aim. Mission statements, grand strategies, and business policies, on the other hand, provide guidance on the overall direction and approach of the company, but they do not necessarily provide specific benchmarks for evaluating progress.

Which of the Following Are Intended to Provide Benchmarks for the Evaluation