Question

A petroleum refinery stockpiles crude oil so that it can easily switch between producing home heating oil and gasoline, depending on relative demand. this is an example of ________ planning. contingency operational tactical strategic

Answer 1

This is an example of "Strategic Planning".

Step-by-step explanation:

Strategic planning refers to a process in which a company look at their vision and what they want to do and what are their goals in the future that are best for their company. A company should have their strategic planning committee, which consist of representatives that are best in their field to achieve the goals of the company or organization.