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 : 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
Question : Case Study: XYZ Ltd. - Raising Finance for Expansion
XYZ Ltd. is a growing company that manufactures electronic gadgets. The company has been successful in the market and is planning to expand its operations. To finance this expansion, XYZ Ltd. is considering various sources of business finance.
Questions : Meaning and Need for Business Finance
What is the meaning of business finance?
Option 1: Managing human resources in a business
Option 2: Acquiring funds for business operations and expansion
Option 3: Developing marketing strategies for business growth
Option 4: Implementing technology solutions in a business
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