Clarify the difference between standing plans and single use plans.

Basis of Difference

Standing Plans

Single-use Plans

1. Period

These plans are formulated for a long period.

These plans are for a short period and
are repeatedly formulated in case of
need.

2. Object

These plans are formulated to bring about
informity in the decisions.

These plans are designed to run suc-
cessfully some particular activities.

3. Types

They are of six types: (i) Objectives,
(ii) Strategies, (iii) Policies, (iv) Procedures, (v)
Methods and (vi) Rules

They are of two types:
(i) Budget and (ii) Programme

4. Scope

They guide the managers in particular matters
like price policy and sales policy.

These plans guide in matters of daily
routine.

5. Basis

They are based on the main objectives of the
organisation.

They are based on the standing plans
of the organisation.