Under which of the following do planning tasks associated with production planning and budgeting, as well as setting employment, inventory, and subcontracting levels, typically fall?
A) short-range plans
B) intermediate-range plans
C) long-range plans
D) demand options
E) strategic planning

Question

Quizplus · Accepted Answer

Production planning and budgeting, setting employment, inventory, and subcontracting levels are typically associated with intermediate-range plans, as they involve planning for a timeframe of a few months to a year. Short-range plans are typically associated with daily or weekly operations, while long-range plans cover a period of several years. Demand options refer to the different options a company has for managing demand, such as pricing or promotions. Strategic planning involves setting broad goals and direction for the company, and may encompass elements of all the other types of planning.

Under Which of the Following Do Planning Tasks Associated with Production