Question: I need this summarized and explained C) According to Time Horizon The types of plans according to time horizon are the following: 1) Short-Range Plans

I need this summarized and explained

C) According to Time Horizon The types of plans according to time horizon are the following: 1) Short-Range Plans - are plans intended to cover a period of less than one year. These plans provide the guidelines for day-to-day actions in the organization and are undertaken by the first line supervisors. 2) Long-Range Plans - are plans covering a time span of more than one year and undertaken by middle and top management. In practice, these plans may range from 1 to 5 years

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