COMPUTER APPLICATIONS
DATABASE MANAGEMENT SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Planning that is intended to cover the next 5 years is called planning?
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the strategic plan
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medium term
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Short-term
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Long-term
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Measurable term
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Explanation:
Detailed explanation-1: -Long-term planning refers to creating strategic goals that may take a substantial duration to accomplish. It focuses on achieving objectives set for the projected future. They usually involve several steps and may take a minimum of one or two years to complete.
Detailed explanation-2: -A five-year business plan is a strategic roadmap to help businesses better achieve long-term goals, such as obtaining investments or producing a certain amount of revenue. These plans often include details that help illustrate the specific goals of a business and how they plan to achieve those goals.
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