Question

Floors and Fixtures, a home improvement store, is planning to expand and open four new stores, one each year. As a result, it develops four separate plans to determine how much to spend on each store as well as when and where to open each store. These are ________ plans.

Answer 1

Answer: growth plans

Explanation: The improvement store planning to expand and open four new stores, one each year with detailed plans on how much to spend on each store as well as when and where to open each store are all growth plans. While planning is key to any business throughout its existence, every business reviews and creates plans to identify opportunities for growth. Growth plans are plans that A Growth Plan enables firms to plan and track business growth, identify potential growth opportunities and the amount of resources needed to fund expansions. It has multiple parts, such as marketing strategies, financial documents etc. This allows businesses differentiate themselves from your competition.

Answer 2

Options:

A. Operational

B. Tactical

C. Static

D. Strategic

D. Growth

Answer:D. Growth

Explanation:Growth plans are Activities put in place to enhance that an organisation attains its growth Objectives.

A Growth plan identifies potential opportunities for growth and makes the required resources available in irder to sponsor the potential opportunities.

A growth plan contains business elements which can help the a business Organisation identify the value of customers and how to meet the needs of the customers which will help to enhance the growth of the business through increased revenue.