"Short-term" refers to a brief period of time, typically ranging from a few days to a few months. It is often used in various contexts, such as finance, where it can describe investments or loans that are expected to be repaid or matured quickly. In everyday life, short-term goals might include tasks like completing a project or saving for a vacation. In contrast to long-term planning, which focuses on future outcomes over several years, short-term strategies prioritize immediate results. This approach is common in business, where companies may implement short-term promotions to boost sales or respond quickly to market changes.