After earning a profit of $10 billion, Tekmake decides to double its profits within the next five years. It lays out broad goals

Question

4 years ago

8

After earning a profit of $10 billion, Tekmake decides to double its profits within the next five years. It lays out broad goals

and develops a market penetration strategy to accomplish its goals. In this case, the process by which Tekmake is going to achieve this goal is called _____.

Business

1 answer:

Lelu [443] · Answer 1 · 2022-01-01T17:58:54+03:00

Answer: Planning

Explanation: Planning in business terms involves the process of drafting a detailed proposal with the aim of doing or accomplishing a goal. In this case Tekmake has laid out broad goals and developed market strategies with the aim of accomplishing their goal of doubling it's profits within 5 years time.