'A discount of 15% is offered to all those customers who buys goods worth of ₹15000 or more in the week of Republic day.'
Which type of plan is highlighted in above example?
Answer & explanation
Correct answer: option 1
The correct answer is option 1- policy.
The highlighted plan in the given example corresponds to a "policy." The discount offered based on the purchase of goods worth ₹15000 or more represents a specific policy implemented by the seller.
Policies are general statements that guide thinking or channelise energies towards a particular direction. Policies provide a basis for interpreting strategy which is usually stated in general terms They are guides to managerial action and decisions in the implementation of strategy.