Short-range planning involves
A)setting goals and objectives of the firm
B)planning the production schedule for the next quarter
C)planning the growth of the firm
D)deciding on the degree of diversification among the firm's products

Question

Quizplus · Accepted Answer

Short-range planning typically involves decisions and actions that will affect the immediate future, usually the next few months. Planning the production schedule for the next quarter falls under short-range planning, as it is a specific action that will impact the company within a relatively short time frame. Setting goals and objectives, planning for growth, and deciding on the degree of diversification are typically long-range planning activities that are more focused on the company's overall strategy and future direction.

Short-Range Planning Involves