As opposed to operational plans, managers create business plans based on A:

present events that can be guaranteed by the industry.

B:

only those events that are favorable to their company.

C:

past events that have occurred up to the time of the plan.

D:

future events occurring both internally and externally.

Question

Business

Noelle Browning

1 May, 16:58

As opposed to operational plans, managers create business plans based on A:

present events that can be guaranteed by the industry.

B:

only those events that are favorable to their company.

C:

past events that have occurred up to the time of the plan.

D:

future events occurring both internally and externally.

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Answers (1)

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Meyer · Answer 1

As opposed to operational plans, managers create business plans based on:

D. future events occurring both internally and externally.

Explanation:

Business plans differ from operational plans in the length of time required to achieve those goals. The Operational plan is set for a maximum of a year while the business plan is set for 3 or 4 years.

Therefore, managers use all the future information available of events that might happen inside and outside the company to define the business plan.

For the operational plan managers use present events that can be guaranteed by the industry along with information about the past events.