Arrange the following steps of a company's planning process in the correct sequence.

(A) Develop premises
(B) Set objectives
(C) Select an alternative
(D) Implement the plan

Choose the correct answer from the options given below:

(B), (A), (C), (D)

The correct answer is Option (4) → (B), (A), (C), (D)

• (B) Set objectives: Planning always begins with setting the goals or objectives that the organization aims to achieve.

• (A) Develop premises: After setting objectives, assumptions or forecasts about the future environment (internal and external conditions) in which the plans will operate are made. These are the planning premises.

• (C) Select an alternative: Based on the objectives and premises, various alternative courses of action are identified and evaluated, and the most suitable one is selected.

• (D) Implement the plan: Finally, the selected plan is put into action.