Types of plans that businesses typically use to guide their operations include
A) strategic plans.
B) long-range financial plans.
C) short-range financial plans.
D) all of the above.

Question

Quizplus · Accepted Answer

Businesses typically use multiple types of plans to guide their operations. Strategic plans provide a long-term vision and roadmap for the organization's goals, while long-range financial plans outline financial targets and objectives over several years. Short-range financial plans, on the other hand, focus on achieving financial targets in the near term, usually within a year. Therefore, a business may use all of these plans in combination to guide its operations effectively.

Types of Plans That Businesses Typically Use to Guide Their