Question

You are reading a ______________ that outlines your company's long-term goals and direction. These goals include "Reduce energy consumption in our offices by 20 percent," "Grow our market share in China from 3 percent to 10 percent," "Enter a strategic alliance with a partner in Australia to begin selling our products in Sydney and Brisbane," and "Equip all sales representatives with an app that allows them to provide an immediate quote when meeting with customers."

Multiple Choice

• values statement

• business plan

• strategic plan

• vision statement

• SMART goal

Answer 1

strategic plan

Strategic plans are the way by which an organization define it's long term goal and the direction for the same as well along with making decisions and allocating resources for the same.