0
Long Term Planning in business is defined as a plan the projects the financial structure needed by a company to supervise long term expenditures such as product management, employee management and services, and to conform to the changes in the economic environ.
This is a strategic design incorporated to the company's goals and is set in terms of 5, 10 to 20 years time.
A company may have 1 or more Long Term Plans that will conform to different needs of the company.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What does the term business description mean?
business description mean
Does workflow design really effect the success of a business?
Yes, workflow design normally does have a positive effect on any business. It is a rule of thumb that to have a written business plan in place, complete with workflow design, short-term and long-term goals, will mean that your business can be a success.
What does it mean 'when it comes to the long term'?
Answer Long term can mean a lot of things. You could have a long term lease on your condo. You could be in a long term relationship. Long term is usually a year or more.
What do current liabilities mean in accounting?
Current Liabilities in accounting are amounts that are owed by a business. The two types of current liabilities are short-term and long-term liabilities.
What is meant by business aims?
The long term goals of a business are the aims and the objectives are the short term steps you take to get there.
Sample letters for long term goals or career aspirations?
Long Term Goals: * To grow into a more responsible position where I can understand business and take decision for business. This will help me grow as Business consultant.
Is long term debt on a balance sheet or income statement?
Long term debt is the liability of business payable in future so it is part of balance sheet of business.
Need for business ethics?
Absolute and essential for a long term successful establishment of business
What does in mean when long term liabilities is less than current liabilities?
It means that the business is conducted out of short term cash. Hence small changes in the environment can affect the cash flow.
What does the term capital assets mean in accounting?
In accounting the term capital assets refers to an asset that is usually held for the purpose of contributing to earnings for a business over a long period of time.
Is investment considered as current asset?
No investments in other business are normally for long term basis. If investments are for long term then long term assets otherwise current assets.
What does circa mean in a business term?
Circa means "approximately"
