Bhuvan Ltd. Is a garment manufacturing company. The company regularly scans business environment and constantly adapsts itself to the changes in environment. With all these efforts also it become difficult for company to foresee future trends. Competition in the market effects the financial plan of the company, sales targets have to be revised which in turn effect the cash budget.
(i) Planning may not work in dynamic environment.
(ii) Plans: (a) Strategy (b) Budget

Lira Ltd. Is a company manufacturing designer socks. While making its plan, the company takes into consideration the business environment. It constantly adapts itself to changes in envirnoment by making changes in its plan. However, it becomes difficult for the managers of the company to accurately foresee future trends in the environment. Competition in the market upsets its finacial plans, then sales targets have to be revised and, accordingly cash budgets also need to be modified since they are based on sales figures. States the limitations of planning highlighted in the above lines.

How scanning business environment is important for an organisation?

Environment planning organisation is

Explain the importance of having a financial plan for this company . Give an imaginary plan to support yout answer.

What is the ratio of total production of all the companies to the total sales of all the companies ?

Bhuvan & Co. are running a shoe manufacturing company successfully. So they planned to expand their business activities by adding more line of products, i.e., leather bags, belts and garments. Which type of structure would you recommend after expansion and why?

Which factors have an effect on the environment?