Question : Which of the following is an example of a strategic plan?
Option 1: A project timeline
Option 2: A marketing campaign
Option 3: A daily to-do list
Option 4: A five-year business expansion plan
Correct Answer: A five-year business expansion plan
Solution : The correct answer is (d) A five-year business expansion plan.
A strategic plan is a long-term plan that outlines the organization's goals, objectives, and strategies to achieve them. It involves analyzing the current state, identifying opportunities and challenges, and developing a roadmap for future growth and success. A five-year business expansion plan aligns with the definition of a strategic plan as it focuses on the organization's growth, expansion, and development over an extended period.
