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16-11-2021
Business

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The managers of Tanika Enterprises are considering how well alternative plans may meet its high-priority goals, as well as identifying the cost of each initiative and its likely investment return. Tanika Enterprises is in the __________ stage of the planning process. Multiple Choice evaluating goals and plans analyzing the situation implementing goals and plans selecting goals and plans monitoring and controlling performance

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22-11-2021

Based on the planning process, the stage where Tanika Enterprises is currently at is: A. evaluating goals and plans.

Planning can be defined as a strategic process which involves the development of organizational goals and objectives, as well as translating them into action plans or courses of action.

Hence, planning is a strategic technique which is used by business enterprises to achieve the following:

Make an aggregate plan for its high-priority goals.

Identifying the cost of each initiative.

Predict investment return.

In Business management, there are five (5) essential stages in the planning process and these include:

1. Establishing your goals and objectives.

2. Determining your style of investment.

3. Evaluating your goals and plans.

4. Choosing the cost-effective and appropriate investment plan.

5. Executing and examining the investment plan periodically.

In this scenario, Tanika Enterprises is in the evaluating goals and plans stage of the planning process.

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