Describe a planning effort that you are acquainted with (either through reading or personal experience), and explain how both the benefits and pitfalls of planning described in the chapter were manifest in your case. Comment on the extent to which your case seems to substantiate or refute the claims made in the text for the benefits and pitfalls of planning.

Royal motor corp. generates a major portion of its revenues by manufacturing luxury sports cars. however, the company also derives an insignificant percent of its annual revenues by selling its sports merchandise that includes apparel, shoes, and other accessories under the same brand name. which of the following terms best describes royal motor corp.? a. aconglomerate b. a subsidiary c. adominant-businessfirm d. a single-business firm