Chapter 4: Planning
NCERT solutions for Class 12 Business Studies Part 1 - Principles and Functions of Management Chapter 4 Planning Exercise Very Short Answer [Pages 108 - 109]
How does planning provide direction?
A company wants to increase its market share from the present 10% to 25% to have a dominant position in the market by the end of the next financial year. Ms Rajni, the sales manager has been asked to prepare a proposal that will outline the options available for achieving this objective. Her report included the following options - entering new markets, expanding the product range offered to customers, using sales promotion techniques such as giving rebates, discounts or increasing the budget for advertising activities. Which step of the planning process has been performed by Ms Rajni?
Why are rules considered to be plans?
Rama Stationery Mart has made a decision to make all the payments by e-transfers only. Identify the type of plan adopted by Rama Stationery Mart.
Can planning work in a changing environment? Give a reason to justify your answer.
NCERT solutions for Class 12 Business Studies Part 1 - Principles and Functions of Management Chapter 4 Planning Exercise Short Answer [Page 109]
What are the main aspects in the definition of planning?
If planning involves working out details for the future, why does it not ensure success?
What kind of strategic decisions are taken by business organisations?
Planning Reduces Creativity. Critically Comment.(Hint: Both the Points - Planning Promotes Innovative Ideas and Planning Reduces Creativity – Will Be Given).
In an Attempt to Cope with Reliance Jio’S Onslaught in 2018, Market Leader Bharti Airtel Has Refreshed Its Rs 149 Prepaid Plan to Offer 2 Gb of 3g/4g Data per Day, Twice the Amount It Offered Earlier. Name the Type of Plan is Highlighted in the Given Example. ? State Its Three Dimensions Also.
State the type of plan and state whether they are Single use or Standing plan:
a. A type of plan which serves as a controlling device as well.(budget)
b. A plan based on research and analysis and is concerned with physical and technical tasks. (Method)
NCERT solutions for Class 12 Business Studies Part 1 - Principles and Functions of Management Chapter 4 Planning Exercise Long Answer [Pages 109 - 110]
Why is it that organisations are not always able to accomplish all their objectives?
What are the steps taken by management in the planning process?
An auto company C Ltd. is facing a problem of declining market share due to increased competition from other new and existing players in the market. Its competitors are introducing lower priced models for mass consumers who are price sensitive. C Ltd. realized that it needs to take steps immediately to improve its market standing in the future . For quality conscious consumers, C Limited plans to introduce new models with added features and new technological advancements. The company has formed a team with representatives from all the levels of management. This team will brainstorm and will determine the steps that will be adopted by the organisation for implementing the above strategy. Explain the features of Planning highlighted in the situation given below.(Hint: Planning is pervasive, Planning is futuristic and Planning is a mental exercise).
Chapter 4: Planning
NCERT solutions for Class 12 Business Studies Part 1 - Principles and Functions of Management chapter 4 - Planning
NCERT solutions for Class 12 Business Studies Part 1 - Principles and Functions of Management chapter 4 (Planning) include all questions with solution and detail explanation. This will clear students doubts about any question and improve application skills while preparing for board exams. The detailed, step-by-step solutions will help you understand the concepts better and clear your confusions, if any. Shaalaa.com has the CBSE Class 12 Business Studies Part 1 - Principles and Functions of Management solutions in a manner that help students grasp basic concepts better and faster.
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Concepts covered in Class 12 Business Studies Part 1 - Principles and Functions of Management chapter 4 Planning are Types of Plans, Strategy of Single Use and Standing Plans, Concept of Planning, Limitation of Planning, Planning Process, Objective of Single Use and Standing Plans, Policy of Single Use and Standing Plans, Single Use and Standing Plans - Method Rule, Budget and Programme.
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