A is striving to earn a profit of 30% in the current financial year. Identify the type of plan being described in the above lines.

Objective

The correct answer is option 4 i.e. Objective.

The statement is describing an objective. In this case, the objective is A striving to earn a profit of 30% in the current financial year. The objective is the desired outcome or result that A aims to achieve.

Every organisation must have certain objectives. Objectives may be set for the entire organisation & each department or unit within the organisation. Objectives or goals specify what the organisation wants to achieve. It could mean an increase in sales by 20% which could be objective of the entire organisation.