Question

Long-term plans focusing on those organizational objectives that will significantly affect a firm for five or more years are usually referred to as _____ plans. a. marketing b. economic c. tactical d. strategic

Answer 1

Answer: Are referred to as STRATEGIC PLANS.

Explanation: Strategic planning can be defined as the use of advance planning to succeed in business.

Strategic planning involves, defining the strategy, direction, decisions etc needed for the plans to come into fulfillment.

Strategic planning is a process and thus has inputs, activities, outputs and outcomes. This of course to come in play in a business or organization will take quite some time and is usually long term.

Answer 2

d. strategic

Step-by-step explanation:

Strategic plans describe the plans/startegy of a company over a long period of time say 5 to 10 years and how they wish to accomplish it, usually characterized by five key components: a vision statement, a mission statement, goals and objectives, an action plan, and details on how often the strategic plan will be reviewed and updated. Strategic plans are mostly drafted and carried out by the top management of an organization and have long-term impact on the company.