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In this Class 12 Business Studies topic from the chapter Planning, students learn how a strategy provides a broad, future-oriented approach for achieving organisational objectives. They explore how managers select courses of action by considering business conditions, available resources, competition and changing circumstances. The topic also helps distinguish strategy from related planning elements such as policies, procedures, methods, rules, programmes and budgets, showing how each supports systematic decision-making and coordinated action.
Hard · Level 7 · 1 questions
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Hard · Level 7View options
Because environment and competition may change
Because all rules must be removed
Because method is always wrong
Because budget is never useful
Question 1HardLevel 7
Why is regular review necessary after strategy?
Correct answer: A
The direct answer is A: because the environment and competition may change. A strategy is not a plan that remains perfect forever. After implementation, managers compare actual results with objectives and observe customers, competitors, technology, laws, and economic conditions. If any of these change, the old strategy may stop working or may need adjustment. Regular review helps the organisation find problems early, use new opportunities, and control threats. Option A is correct. Option B is wrong because review does not mean removing all rules; rules may still be necessary. Option C is wrong because a method is not always wrong, and the question concerns changing conditions. Option D is wrong because budgets can be useful for allocating and controlling resources. Memory cue: changing environment requires a reviewed, dynamic strategy.
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