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Subjects

Business Studies

Types of plans

In Class 12 Business Studies, this topic from the chapter Planning introduces students to the main types of plans used by organisations. They learn to distinguish standing plans, which guide recurring activities, from single-use plans, which are prepared for specific situations or objectives. The topic also explains objectives, strategies, policies, procedures, methods, rules, programmes, budgets and projects, helping students understand how planning turns business goals into clear courses of action.

Hard · Level 1 · 25 questions

Practice questions

01A company sets a target to increase its market share next year and analyses competitors’ prices and distribution channels to plan its response. The target and the resulting broad competitive plan are respectively which types of plans?

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02A manager says that staff should use sympathetic judgment when handling customer complaints, but that theft will lead to immediate suspension. What types of plans do the first and second statements represent, respectively?

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03A company’s raw-material purchasing plan requires staff to obtain three quotations, test the quality, and then approve payment, in that order. Which type of plan specifies these ordered steps?

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04A company decided to keep 120,000 rupees for advertising and 80,000 rupees for delivery improvement in online sales. This is the best example of which plan?

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05What is a plan for achieving one objective that brings together a timetable, responsible people, resources, and a budget called?

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06Which option correctly distinguishes a method from a procedure?

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07A company adopts the guiding principle that no customer will be treated differently because of caste, religion, or region. Which type of plan does this chiefly represent?

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08Management says the sales team must add 15 new distributors within 12 months. Which feature of a plan does this illustrate?

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09Before entering a new market, a company studied customer segments, competitors, prices and promotion channels. Which type of plan does this most directly relate to?

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10In which situation will a rule be more suitable than a policy?

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11For a science fair, a school brought project selection, a list of judges, stall arrangements and prize distribution together in one plan. What type of plan is this?

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12Which option best distinguishes a standing plan from a single-use plan?

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13A company said that after receiving a product complaint, photo proof will be taken first, then the technical team will check it, and then a decision will be made. This is an example of what?

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14A production unit fixed a special temperature and pressure checking technique to calibrate a machine. This relates to which plan?

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15Which option best distinguishes a budget from a programme?

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16A plan includes broad direction for major goals, competitive position and resource allocation. What type of plan is it?

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17A company’s service policy says that efforts will be made to resolve a customer’s problem within 48 hours. Why is “policy” an appropriate term here?

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18At a bank, a cash payment is made only after the account is verified and the signature is matched. What type of plan does this sequence illustrate?

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19A company sets a special spending limit and arranges stalls for a one-time export fair. Which category of plan does this belong to?

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20Which of the following is the most suitable example of a standing plan?

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21An institution says that scholarship decisions will take both financial need and merit into account. Which type of plan does this describe?

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22A plan specifies which software and template must be used to prepare a report. What type of plan is this?

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23A company records its expected cash receipts and cash payments month by month. Which type of plan is this?

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24Which statement best illustrates an objective?

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25An organisation plans to reposition its premium product so that it is clearly differentiated from low-priced products. Which type of plan is this most closely associated with?

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