The decision to enter a new market is an example of a. strategic planning b. management control c. tactical planning d. operational control

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Business

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12 February, 08:07

The decision to enter a new market is an example of a. strategic planning b. management control c. tactical planning d. operational control

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Hodges · Answer 1

Answer: Strategic planning.

Explanation:

Strategic planning involves a plan where an organization sets a target goal, and all resources are targeted towards achieving that goal.

Entering a new market is an example of a strategic plan, as the business goal is to succeed in that market and the necessary resources needed to achieve that goal is applied. The resources vital to achieving the target goal of the business would be in the form of human resources and financial resources.