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Planning

Question
CBSEENBS12003720

Explain how “planning is a continuous process.”

Solution

Planning is a continuous process because:

(a) A plan is prepared for a particular period. Hence, there is need for a new plan after the expiry of that period.

(b) In case of any discrepancy plans are to be revised.

(c) In case of rapid changes in the business environment plans are to be revised.