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andreyandreev [35.5K]
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]4 years ago
8 0

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.

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