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NCERT solutions for Class 12 Business Studies Part 1 - Principles and Functions of Management chapter 4 - Planning [Latest edition]

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Class 12 Business Studies Part 1 - Principles and Functions of Management - Shaalaa.com

Chapter 4: Planning

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Very Short Answer [Pages 108 - 109]

NCERT solutions for Class 12 Business Studies Part 1 - Principles and Functions of Management Chapter 4 Planning Very Short Answer [Pages 108 - 109]

Very Short Answer | Q 1 | Page 108

How does planning provide direction? 

Very Short Answer | Q 2 | Page 108

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?

Very Short Answer | Q 3 | Page 109

Why are rules considered to be plans? 

Very Short Answer | Q 4 | Page 109

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.

Very Short Answer | Q 5 | Page 109

Can planning work in a changing environment? Give a  reason to justify your answer. 

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Short Answer [Page 109]

NCERT solutions for Class 12 Business Studies Part 1 - Principles and Functions of Management Chapter 4 Planning Short Answer [Page 109]

Short Answer | Q 1 | Page 109

What are the main aspects in the definition of planning?

Short Answer | Q 2 | Page 109

If planning involves working out details for the future, why  does it not ensure success? 

Short Answer | Q 3 | Page 109

What kind of strategic decisions are taken by business  organisations?

Short Answer | Q 4 | Page 109

Planning Reduces Creativity. Critically Comment.(Hint: Both the Points - Planning Promotes Innovative Ideas and Planning Reduces Creativity – Will Be Given).

Short Answer | Q 5 | Page 109

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.

Short Answer | Q 6 | Page 109

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)

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Long Answer [Pages 109 - 110]

NCERT solutions for Class 12 Business Studies Part 1 - Principles and Functions of Management Chapter 4 Planning Long Answer [Pages 109 - 110]

Long Answer | Q 1 | Page 109

Why is it that organisations are not always able to accomplish  all their objectives?

Long Answer | Q 2 | Page 110

What are the steps taken by management in the planning  process?

Long Answer | Q 3 | Page 110

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).

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Chapter 4: Planning

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Class 12 Business Studies Part 1 - Principles and Functions of Management - Shaalaa.com

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.

Further, we at Shaalaa.com provide such solutions so that students can prepare for written exams. NCERT textbook solutions can be a core help for self-study and acts as a perfect self-help guidance for students.

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.

Using NCERT Class 12 solutions Planning exercise by students are an easy way to prepare for the exams, as they involve solutions arranged chapter-wise also page wise. The questions involved in NCERT Solutions are important questions that can be asked in the final exam. Maximum students of CBSE Class 12 prefer NCERT Textbook Solutions to score more in exam.

Get the free view of chapter 4 Planning Class 12 extra questions for Class 12 Business Studies Part 1 - Principles and Functions of Management and can use Shaalaa.com to keep it handy for your exam preparation

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