Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Planning

Question:

Yashshvi started a bottle manufacturing business. She has set of objectives and developed premises. Now few more things need to be done in this entire planning process. A list of things is given below. Arrange these in sequence.

A. To check if plans are being implemented according to schedule.

B. Doing what is required, implementing the plan,

C. Evaluating alternative courses of action.

D. Identifying alternative courses of action.

E. Select the most feasible , profitable and with least negative consequences.

Choose the correct answer from the options given below :

Options:

E, D, C, B, A

A, B, C, D, E

D, C, E, B, A

C, E, B, A, D

Correct Answer:

D, C, E, B, A

Explanation:

The correct answer is option (3) : D, C, E, B, A

Certainly, here's an explanation of the sequence for the planning process:

1. Identifying alternative courses of action (D): The planning process typically begins with identifying different options or courses of action that can help achieve the set objectives. In the context of Yashshvi's bottle manufacturing business, this might involve considering different strategies or approaches to achieve her business goals.

2. Evaluating alternative courses of action (C): After identifying various options, the next step is to evaluate these alternatives. This involves assessing the pros and cons of each option, considering their feasibility, profitability, and potential negative consequences. Yashshvi needs to weigh the advantages and disadvantages of each approach.

3. Select the most feasible, profitable, and with least negative consequences (E): Once the evaluation is complete, the most suitable and promising course of action is selected. This is the step where Yashshvi decides which plan is the most feasible, profitable, and has the least negative consequences, given her objectives and premises.

4. Doing what is required, implementing the plan (B): With the chosen plan in place, the next step is to implement it. Yashshvi needs to put her plan into action, which involves allocating resources, making decisions, and executing the strategy she has selected.

5. To check if plans are being implemented according to schedule (A): After implementation, it's essential to monitor the progress and make sure that the plans are executed according to schedule. Regular assessment and tracking help ensure that the business is on the right path and adjustments are made if necessary.