Generally speaking,formal planning is associated with ________.
A)higher costs
B)higher waste of time
C)shorter time frames
D)higher profits

Question

Quizplus · Accepted Answer

Formal planning is typically associated with higher profits because it involves a structured and systematic approach to setting goals, developing strategies, and allocating resources. This helps businesses to operate more efficiently and effectively, resulting in better financial outcomes. Additionally, while formal planning may require an upfront investment of time and resources, it can ultimately save businesses money by reducing waste and avoiding costly mistakes.

Generally Speaking,formal Planning Is Associated with ________