Jennifer's business has been open for two years. She is hoping that her new marketing plan will increase sales because she would really like to hire an assistant If sales are up for six months in a row, she will be comfortable bringing on another employee. What is this an example of?

Question

Jennifer's business has been open for two years. She is hoping that her new marketing plan will increase sales because she would really like to hire an assistant If sales are up for six months in a row, she will be comfortable bringing on another employee. What is this an example of?

A. resolving a discrepancy
B. measuring assets and equity
C. long-term financial planning
D. short-term financial planning

Answer 1

C. long-term financial planning

This scenario involves setting a goal for the future based on consistent sales performance over a period of time. This type of planning is considered long-term because it involves making decisions about the business's growth and sustainability in the future.