Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Planning

Question:

Planning is helpful in increasing which of the following?

Options:

Cost

Loss

Efficiency

All of the above

Correct Answer:

Efficiency

Explanation:

The correct answer is option 3 i.e. Efficiency.

Planning serves as the basis of coordinating the activities and efforts of different divisions, departments and individuals. It helps in avoiding confusion and misunderstanding. Since planning ensures clarity in thought and action, work is carried on smoothly without interruptions. Useless and redundant activities are minimised or eliminated. It is easier to detect inefficiencies and take corrective measures to deal with them and increase efficiency.