considering the forecasting periods, the plans that are for the tenure of one to five years are classified as
considering the forecasting periods, the plans that are for the tenure of one to five years are classified as.
Answer: The plans that are for the tenure of one to five years are generally classified as “medium-term plans” or “mid-term plans”. These plans typically cover a period of two to five years and are designed to help companies achieve their long-term strategic goals by breaking them down into manageable steps.
Medium-term plans can include initiatives such as expanding into new markets, launching new products, upgrading technology systems, or improving operational efficiency. They require a significant amount of planning and careful implementation, but they offer the potential for substantial growth and success over the medium term.
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