Medium-term timeframes span from one to three years. These are crucial for project management, product development, and strategic initiatives that require a longer period to yield results. Examples include launching a new product line, entering a new market, or implementing a new technology system. Question: How do medium-term timeframes support business growth? Answer: Medium-term timeframes provide a balanced approach, allowing businesses to work on initiatives that require more time than short-term tasks but are not as extensive as long-term projects. They help in building a solid foundation for sustained growth.