Question

“Planning eliminates uncertainty”. Do you agree? Give reasons in support of your answer.

Answer 1

Businesses deal with a variety of hazards and operate in an unpredictable environment. These businesses can forecast future occurrences and get ready for unforeseen circumstances thanks to planning. Managers plan by looking forward, anticipating change, analysing its effects, and creating suitable responses. Planning enables managers to recognise possible risks and take action to mitigate them. Forecasting population increase, for instance, provides insight into future demand.