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 do you mean by planning? Explain the importance and characteristics of planning? #### what do you mean by planning? Explain the importance and characteristics of planning?

Explain the relationship between Decision Making and Planning

_________is a systematic process of envisioning a desired future, and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.Question 2Answera.Economic planningb.Financial planningc.Strategic planningd.Physical planning

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