plan means to:come or bring to a finish or an end; wind uphave trust in; trust in the truth or veracity ofdiscover or determine the existence, presence, or fact ofhave the will and intention to carry out some action

Identify the best definition of planning.Choices:- An integrated process in which plans are formulated, carried out and controlled. Setting an organisation's objectives and the means of reaching them. The core activity of planners and planning departments. Devising ways of achieving the objectives of an organisation.

What is a business plan?A. A document stating the objectives for a business and how they will be achievedB. A tool for comparing actual results against targeted performanceC. A systematic evaluation of a venture's chances for success in the marketD. All of the above

entify the feature of planning highlighted in the statement given below.“Planning involves foresightedness and imagination”Mental exerciseForward lookingDecision-makingNone of these

Strategic planning can be defined asMultiple Choicean action plan to achieve specific long-term goals and objectives.how each functional area will achieve its specific goals and objectives.an action plan to achieve specific operational and tactical goals.a procedure for allocating resources to appropriate functions in the organization.taking big risks to maximize current period benefits.

Nature and purpose of planning