Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Planning

Question:

Sonam started a telecom company in New Delhi. His big goal was to connect with 90% of the people in India within a year. He believed that the need for internet services would increase a lot in the next 5 years. To make his ambitious plan work, he had to decide whether to buy an existing telecom business, team up with others, or compete on his own, dealing with strong competition. To make the right choice, he looked at proposals from different companies. He compared things like how much money they make, their taxes, and the dividends they pay. He also looked at their future plans, knowing that these could change if the country's economic policies shift.

Which type of plan is discussed in the line-  'His big goal was to connect with 90% of the people in India within a year?'

Options:

Standing plan

Single-use plan

Both of these

None of these

Correct Answer:

None of these

Explanation:

The correct answer is option 4 i.e. None of these.

Here in the line objective is discussed and objective is neither a single use plan nor standing plan.

There are other types of plans which usually are not classified as single use or standing plans. A strategy, for example, is part of strategic planning or management. It is a general plan prepared by top management outlining resource allocation, priorities and takes into consideration the business environment and competition. Objectives are usually set by the top management and serve as a guide for overall planning. Each unit then formulates their own objectives keeping in view the overall organisational goals.