Business, 15.01.2020 07:31 madi25838

If kmart states that it is going to spend $100 million in advertising in the upcoming year to increase its market share, it is explaining part of its plan.

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Answer from: abbygreen

It is explaining part of its OPERATIONAL plan.

Operational planning in business is a process of planning an action/actions intended to accomplish specific goals to the process of implementing the actions to achieve those goals.

It describes all the factors and parameters needed to achieve said goals.

Operational planning establish the activities and budgets for each part of the organization.

Answer from: Sourcandy

Operational plan

Explanation: Operational plan is a plan that is put in place to ensure that the daily activities of an organization or a department within an organization is in line with the Objective of the top management. Operational plan helps organizations such as business venture to meet with their set targets,it ensures that there is a coordinated approach towards meeting set objective. Kmart's operational plan for the new year is to invest $100 in advertising to help increase it's market share.

Answer from: Quest

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7. customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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Answer from: Quest

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