Identify the type of planning used to develop multiple-year plans based on a situational analysis, competitive assessments, and external factors of the organization.

a. Strategic planning
b. Operational planning
c. Contingency planning
d. Functional planning

a. Strategic planning    

Explanation:

Strategic planning -

It refers to the method of decision making by assigning the resources in order to make the strategy, is referred to as strategic planning.

The method involves the use of various resources and capabilities to make the plan and accomplish the objective.

These planning are made on the basis of years depending on the  competitive assessments, situational analysis, and all external factors and evaluating the strategic options.

Hence, from the given question,

The correct answer is a. Strategic planning.

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