What is the term used to describe the priority of planning in the managerial process?

The primacy of planning

The correct answer is option 4 i.e. The primacy of planning.

Planning is a primary function of management: 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.