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Which best explains the difference between short-term and long-term planning?
Short-term planning takes care of regular expenses in the near future while long-term planning involves saving for large purchases further in the future.
What is long term short term planning?
To save for large purchases in the future.
Explain why both short-term and long-term planning are important?
short term is financial asset used to run business at the market level whereas longterm is to invest to get maximum profit.
Does committed fixed costs have a short term planning horizon-usually one year?
False
Why is the long run average cost curve known as the envelope curve or planning curve?
Long run average cost curve is known as envelope curve because it is formed by enveloping the short run average cost curves and it helps the entrepreneur in long term planning that is why it is also called planning curve.
What are the methods of short term planning?
Short term planning is the process of setting smaller goals to achieve in a smaller time frame. Short term planning is often used to work toward a larger goal or milestone.
What techniques used in short term planning?
Short techniques.
Explain the difference between short term and long term planning?
Short-term planning takes care of regular expenses in the near future while long-term planning involves saving for large purchases further in the future.
Short-Term Finance and Planning?
Short-term financial planning only will meet goals in the short run. Budgets and investments will be constructed, but the big picture will not be taken into account.
What best explains the main purpose of short-term planning?
Short term planning is key for organization and productivity. Its important to know what goals are to be accomplished in the short term in order to come up with daily tasks.
Which best explains the difference between short-term and long-term planning?
Short-term planning takes care of regular expenses in the near future while long-term planning involves saving for large purchases further in the future.
What are the differences between planning strategy and business policy?
that strategy is long term and planning could be a short term.
Which of the following best explains the difference between short-term and long-term planning?
Short-term planning takes care of regular expenses in the near future while long-term planning involves saving for large purchases further in the future.
What is long term short term planning?
To save for large purchases in the future.
Which is more important when doing planning for your business?
Effective business planning requires attention to both short-term and long-term considerations. Short-term planning involves addressing immediate actions and goals to ensure smooth day-to-day operations. Conversely, long-term planning entails strategic vision, setting growth objectives, and adapting to market changes over time. Balancing short-term needs with long-term goals is essential for achieving overall success and stability in business operations
What is the difference between long-term and short-term planning?
Short-term and long-term planning are relative terms rather than absolute time periods. As such, they vary by industry. Frequently in business there is a short-term one-year business plan that supports a longer term, such as a 3-5 year strategic plan.
What is short term planning in health?
it is a plan whose cause of action is for a short period of time
