A Business Plan (Scenario)
Imagine that you are the owner of a small company that sells typewriters, business equipment, and computer hardware. You employ about 40 people. You know that the organization needs to move in a different direction, and you want to set some long-term goals for the company. You want to write a plan that will cover the next three years only, knowing that business needs change somewhat frequently. Your goal is to write a plan that provides direction but does not contain extremely well-defined, potentially restrictive objectives.
-The fact that your plan covers three years suggests that your plan is most consistent with what type of plan?
A) Strategic
B) Operational
C) Long term
D) Specific

Question

Quizplus · Accepted Answer

Strategic plans are designed to set long-term goals and provide direction for an organization, typically covering a period of several years, such as three years in this scenario.