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Economics

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instruction: Research a company, and describe its planning function, state at least one ong-term plan of the company with corresponding tactical and operational plans to achieve them

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Answer:

Developing strategic plans is a necessary part of a business. Many types of business plans exist, and two common types of plans include a tactical plan and an operational plan. Tactical and operational plans both work to implement a firm’s strategy. Although some similarities exist between tactical and operational planning, there are clear differences.

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