GENERAL KNOWLEDGE

GK

BUSINESS MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is NOT an example of an operational plan?
A
setting monthly production levels
B
developing a department budget
C
watching Netflix
D
planning inventory levels
Explanation: 

Detailed explanation-1: -Other operational planning examples in management include mapping business or production output to meet other new goals, planning for new or expanded solutions, sales and operational planning, providing a roadmap or increased clarity surrounding business goals, or creating a strategy for increased business partnership.

Detailed explanation-2: -Operational plan examples Example 1: Jane owns a marketing business and is looking to grow her company by 25% over the next two years by working with more clients. To meet this target, she creates an operational plan: Goal: 25% increase in business growth, measured in revenue. Timeline: Two years.

Detailed explanation-3: -Whatever operation needs a solid plan, there are five major components to focus on: Preparation, marketing, logistics, human resources (HR) and financial limits.

Detailed explanation-4: -The four main plans are strategic, tactical, operational, and contingency. The four main plans of business are strategic, tactical, operational and contingency. Strategic planning looks at the long-term issues of the organization, and helps develop a plan for growth or change of business function.

There is 1 question to complete.