English

Explain method as a type of Plan. - Business Studies

Advertisements
Advertisements

Questions

Explain the method as a type of plan.

Explain the following type of plan:

Method

Explain
Advertisements

Solution

A method is a form of strategy that specifies the stages or procedures to be taken to attain a given aim or purpose. It establishes a systematic strategy and specifies the sequence of actions or processes necessary to achieve a desired result.

Features of the Method are:

  1. It is the standardised, simplified way to accomplish any task.
  2. It is designed to achieve efficacy and economy in operations.
  3. Methods are the results of research and observations.
  4. Methods are always rational and logical.
  5. No penalties are imposed for violations of the method for performing any task.
shaalaa.com
  Is there an error in this question or solution?
2023-2024 (March) Official
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×