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Planning
What is budget? Give an example of a sales budget.
Budget describes the desired results in numerical terms. It can be understood with the help of following diagram:
Sales Budget
(For the Year Ending Dec., 31, 2012)
|
Product |
Area |
Sales (in Units) |
Selling Price |
Total Sales |
|
X |
East Zone West Zone North Zone South Zone |
50,000 1,00,000 80,000 40,000 |
20 20 20 20 |
10,00,000 20,00,000 16,00,000 8,00,000 |
|
Total |
54,00.000 |
|||
|
Y |
East Zone West Zone North Zone South Zone |
1,00,000 2,00.000 1,00,000 3,00,000 |
30 30 30 30 |
30,00,000 60,00,000 30,00,000 90,00,000 |
|
Total |
2,10,00,000 |
|||
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How does planning provide direction?
Why are rules considered to be plans?
What kind of strategic decisions are taken by business organisations?
What are the main features to be considered by the management while planning?
Or
Explain the features of planning.
What are the steps taken by management in the planning process?
Or
Explain the process of planning.
Is planning actually worth the huge costs involved? Explain.
Define Planning.
Planning is the basic function of management. Explain.
Explain, how ‘planning is a mental exercise’.
Explain how “planning is a continuous process.”
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