Key Planning Concepts Quiz

A conclusion or resolution reached after consideration.

A decision that is made using a predefined process or set of rules.

A person who tends to evade making decisions.

<p>A person who looks for information or solutions.</p> Signup and view all the answers

<p>The process of making plans for something.</p> Signup and view all the answers

<p>Specific results that a person or system aims to achieve within a time frame.</p> Signup and view all the answers

<p>Plans that cover a period of one year or less.</p> Signup and view all the answers

<p>Plans that outline an organization's long-term goals and the means to achieve them.</p> Signup and view all the answers

<p>Plans that specify the details of how to implement the strategic plans.</p> Signup and view all the answers

<p>A principle or rule to guide decisions and achieve rational outcomes.</p> Signup and view all the answers

<p>Explicit regulations or principles governing conduct or procedure.</p> Signup and view all the answers

<p>Established or official ways of doing something.</p> Signup and view all the answers

<p>The process of predicting future trends based on historical data.</p> Signup and view all the answers

<p>The process of creating alternative plans to be implemented in case of unforeseen events.</p> Signup and view all the answers

<p>A strategic planning method used to make flexible long-term plans.</p> Signup and view all the answers

<p>The process of comparing business processes and performance metrics to industry bests.</p> Signup and view all the answers

<p>A condition or circumstance that puts a company in a favorable or superior business position.</p> Signup and view all the answers

<p>A plan of action designed to achieve a long-term or overall aim.</p> Signup and view all the answers

<p>The process of defining the strategy or direction of an organization.</p> Signup and view all the answers

<p>A strategic planning technique used to identify Strengths, Weaknesses, Opportunities, and Threats.</p> Signup and view all the answers

<p>A tool used to evaluate the strategic position of a business brand portfolio.</p> Signup and view all the answers

<p>A term used in the BCG Matrix for products with low market share in a high-growth market.</p> Signup and view all the answers

<p>A term used in the BCG Matrix for products with high market share in a low-growth market.</p> Signup and view all the answers