Describe portfolio planning. Is portfolio planning relevant for a firm involved in a single industry? Justify your answer.

The definition and respond to the question is below.

Explanation:

To begin with, the name of "Portfolio Planning" in the field of business refers to the unique tool that can help the companies to have a better strategy when it comes to terms of the clients and more. It consists of a process that allows to the manager to have better organization of what the decisions will be in order to achieve better results at long term, having in mind the most important aspects of the company like the tolerance to risk of the stockholders and the margins they want to get after every operation ends. That is why that portfolio planning is tottaly fundamental for any company who seeks for success, meaning that it is relevant in a firm involved in a single industry due to the fact that they would need if they want to expand and be better than their competitors.

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turnover

the amount of money taken by a business in a particular period.