What role does planning play in relation to other functions of management?

It provides the basis for other functions

The correct answer is option 3 i.e. It provides the basis for other functions.

Planning lays down the base for other functions of management. All other managerial functions are performed within the framework of the plans drawn. Thus, planning precedes other functions. This is also referred to as the primacy of planning. The various functions of management are interrelated and equally important. However, planning provides the basis of all other functions.