The most complete description of the planning process for a business is:
A)setting objectives and short-term plans.
B)setting objectives, long-term plans, and short-term plans.
C)setting objectives and detailed budgets.
D)setting long-term objectives and long-term plans.

Question

Quizplus · Accepted Answer

The most complete description of the planning process for a business is setting objectives, long-term plans, and short-term plans. This encompasses setting goals for the business's future, creating a roadmap to reach those goals, and breaking down that roadmap into smaller, more achievable steps that can be taken in the short-term. Detailed budgets are also a key element of creating sustainable long-term plans. Setting only short-term plans or objectvies only gives an immediate focus and may not be the best long-term solution. Setting only long-term objectives and plans without any direction or small achievable goals in that direction leaves the plan vague, un-understandable, and unmotivating.

The Most Complete Description of the Planning Process for a Business