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Subjects

Business Studies

Meaning of planning

In Class 12 Business Studies, this topic explains the meaning of planning as deciding in advance what is to be done, how it will be done, when it should happen, and who will carry it out. Students understand planning as a basic management function that gives direction to business activities, helps set objectives, guides decision-making, coordinates efforts, and prepares an organisation to respond to future uncertainty.

Expert · Level 6 · 3 questions

Practice questions

01If the chosen path to achieve objectives in planning does not match ethical and legal limits which aspect is missing?

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Answer and explanation

02If a manager considers both stakeholder expectations and available capacity while setting objectives which understanding of planning is shown?

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Answer and explanation

03Dividing alternative courses into primary and backup paths in planning shows which expert idea?

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