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A firm wants to increase its sales by 25...

A firm wants to increase its sales by 25% in the coming year Suggest two steps which should be examined critically by a manager.

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Two steps which should be examined critically by a manager are
(i) Planning is concerned with future, which is uncertain. Thus, it is required that manager should make assumptions for the future
(ii) Manager should think twice before selecting an alternative, as it is the real point of decision making
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ARIHANT PUBLICATION-PLANNING-CHAPTER PRACTICE (SHORT ANSWER )
  1. State any three limitations of planning.

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  2. "Planning is not the remedy of all the deficiencies of the business. I...

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  3. How does planning lead to rigidity and reduce creativity? Explain.

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  4. Explain briefly the first two steps in the process of planning

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  5. Define 'planning'. Explain the first two steps in the process of plann...

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  6. Explain the first three steps in the process of ' planning'

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  7. What are derivative plans and why they are formulated?

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  8. What is a 'procedure'? Give an example for the same.

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  9. Explain objective and 'policy as types of plan using suitable examples

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  10. Explain 'method' and 'rule' as types of plan

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  11. What is a 'programme' ? Give a suitable example for the same

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  12. Explain the meaning of planning premises with example.

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  13. A firm wants to increase its sales by 25% in the coming year Suggest t...

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  14. Differentiate between budget and procedure

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  15. Being a management guru, you feel that the adopted plan is not suitabl...

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  16. Useless and redundant activities are minimised or eliminated, when man...

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  17. You are a strategic analyst in XYZ Ltd. While developing the planning ...

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  18. Differentiate between method' and "budget' as types of plans

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  19. Differentiate between standing and single use plans

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  20. In 2015, Naveen left his luxurious life in Mumbai, where he worked as ...

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