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The difference between annual and long-range plans versus a strategic plan is that the annual and long-range plans deal with the company’s current business and how to keep them going, while the strategic plan deals with:

Correct Answer: Adapting the firm to take advantage of opportunities in its constantly changing environment.

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Principles of Management MCQ: The difference between annual and long-range plans versus a strategic plan is that the annual and long-range plans deal with the company’s current business and how to keep them going, while the strategic plan deals with: | Extra Education