Managers at ANC Inc.operate with planning horizons greater than five years.The top managers are concerned about changing conditions in the external environment.It is difficult to predict competitive conditions five years in the future, so they implemented a plan that involves regular reviews and updates in all levels of the company.The plan enables the company to respond quickly and make adjustments as necessary.This is an example of a(n) _____ plan.
A)short-term
B)long-term
C)intermediate-term
D)rolling
E)annual

Question

Quizplus · Accepted Answer

A corporate- or business-level plan that extends over several years is typically treated as a rolling plan-a plan that is updated and amended every year to take account of changing conditions in the external environment.The use of rolling plans is essential because of the high rate of change in the environment and the difficulty of predicting competitive conditions five years in the future.