Question

2. Planning for more than five years is

Long term
Mid term
Short term
None

Answer 1

Planning for more than five years is LONG TERM

Answer 2

Answer:

Option a - Planning for more than five years is a long term plan.

Explanation:

Long term planning is about achieving long term goals.

Goals that take a longer time to reach and more steps required to complete the task.

They aim to resolve issues and maintain success over a period.  

Steps for a long term plan:

• Pen down the mission.
• Set goals for the business.
• Be specific about the key strategies.
• List out the ongoing results.
• Be positive.
• As it is long term, patience is required.

Hence, Planning for more than five years is called a long term.