Chapter Planning (Questions and Answers)
CBSE Class 12 Business Studies
Q1: Define Planning.
Answer: Planning is deciding in advance what to do, how to do when to do and who has to do it. Thus, it involves setting objectives and developing an appropriate course of action to achieve those objectives. Planning bridges the gap from where we are to where we want to go. It is one of
the basic managerial functions.
Q2: What are the important features of planning?
Answer: Features of planning are:
1. Planning focuses on achieving objectives: by deciding upon the activities to be undertaken.
2. Planning is a primary function: as it precedes all functions of management i.e. organizing, staffing, directing and controlling.