NCERT Solutions for Class 12 Business Studies Chapter - 4

Bookmark added to your notes.
View Notes

Class 12 NCERT Solutions Business Studies - Planning - Free PDF Download

NCERT Solutions for Business Studies Class 12 Chapter 4 contains easy-to-understand and complete answers to the questions of the NCERT textbook. NCERT Solutions for Class 12 Business Studies Chapter 4 have been prepared by our panel of subject experts at Vedantu who have made sure that the content they provide is top-notch yet simple for students to get hold of. It comes with a complete explanation of the solutions and is arguably the best help to students who are preparing for their examination.

NCERT Solutions for Class 12 Business Studies Chapter 4 Planning part-1
Loading More Solutions...
FAQ (Frequently Asked Questions)

1. What are the Features of Planning?

The planning function of management has certain types of special features which throw light on its scope and nature:

  1. Planning is continuous: Plans extend for a specific period. After the completion of the period, there is a need to renew the plan based on the requirements and new conditions. Hence, planning is a continuous process.

  2. Planning involves decision making: Thorough examination and judgment of all the available alternatives are involved in planning.

  3. Planning is pervasive: Planning is an essential part of all levels and departments of an organization.

2. What is the Significance of Planning?

Planning is an absolute necessity at all levels in an organization. The significance of planning are as follows:

  1. Planning promotes innovative ideas: New creative ideas transform into concrete plans for an organization leading to the growth of the organization.

  2. Planning reduces risks of uncertainty: Planning involves deciding the course of action for the future and steps to be taken in advance. In this way, the organization can anticipate the possible risks and deal accordingly.

  3. Planning establishes standards: Planning involves the establishment of goals beforehand against which the actual performance can be measured. Planning provides the basis of control.

Do you wish to have an edge over others?
Please select atleast one box