Question : Which of the following is an example of a strategic plan?
Option 1: A project timeline
Option 2: A marketing campaign
Option 3: A daily to-do list
Option 4: A five-year business expansion plan
Correct Answer: A five-year business expansion plan
Solution : The correct answer is (d) A five-year business expansion plan.
A strategic plan is a long-term plan that outlines the organization's goals, objectives, and strategies to achieve them. It involves analyzing the current state, identifying opportunities and challenges, and developing a roadmap for future growth and success. A five-year business expansion plan aligns with the definition of a strategic plan as it focuses on the organization's growth, expansion, and development over an extended period.
Question : The Hierarchy of Plans includes which of the following levels?
Option 1: Organizational plans, operational plans, and tactical plans
Option 2: Organizational plans, strategic plans, and contingency plans
Option 3: Tactical plans, operational plans, and financial plans
Option 4: Contingency plans, budget plans, and marketing plans
Question : Which of the following is an example of a marketing channel?
Option 1: Product design
Option 2: Pricing strategy
Option 3: Advertising campaign
Option 4: Distribution network
Question : Case Study: ABC Corporation - Financing Growth Strategies
ABC Corporation, a leading manufacturing company, is looking to finance its growth strategies. The company is exploring various sources of business finance to achieve its expansion goals.
Questions : Business Finance and Expansion
Which financial decision involves choosing the appropriate sources of funds for business activities?
Option 1: Marketing strategy
Option 2: Inventory management
Option 3: Financial planning
Option 4: Human resource allocation
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