Final answer:
The management skill that involves setting goals is Planning. It requires determining strategies and developing plans to achieve the set objectives, exemplified when a company plans to increase sales.The correct option is B.
Step-by-step explanation:
The management skill that involves setting goals is B. Planning. Planning is a fundamental management function which involves defining objectives, determining strategies to achieve those objectives, and developing plans to integrate and coordinate activities. It is through planning that managers decide what goals to pursue and what actions to take to reach those goals. For example, if a company wants to increase its sales by 20% in the upcoming year, managers will create a plan outlining the steps necessary to achieve that increase, such as marketing initiatives, product development, or expansion into new markets.