TextBook Solutions for Jharkhand Academic Council Class 12 Business Studies Business Studies I Chapter 4 Planning

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TextBook Solutions for Jharkhand Academic Council Class 12 Business Studies Business Studies I Chapter 4 Planning

Question 1

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What are the main points in the definition of planning?

Solution

Following are the main points in the definition of planning:

(i) What to do? (ii) How to do it?

(iii) When to do it? (iv) Who is to do it?

Question 2

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How does planning provide direction?

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Question 3

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Why are rules considered to be plans?

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Question 4

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What kind of strategic decisions are taken by business organisations?

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Question 5

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What are the main features to be considered by the management while planning?

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Explain the features of planning.

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Question 6

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What are the steps taken by management in the planning process?

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Explain the process of planning.

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Question 7

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Is planning actually worth the huge costs involved? Explain.

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Question 8

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Define Planning.

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Question 9

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Planning is the basic function of management. Explain.

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Question 10

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Explain, how ‘planning is a mental exercise’.