Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Planning

Question:

Arrange the steps of Planning process in the correct sequence.

(A) Setting Objectives

(B) Developing premises

(C) Identifying alternative

(D) Evaluating alternative courses

Choose the correct answer from the options given below :

Options:

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

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

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

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

Correct Answer:

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

Explanation:

The correct answer is option (4) : (A), (B), (C), (D), (E)

The correct sequence of steps in the planning process is as follows:

(A) Setting Objectives: The planning process typically begins with setting clear and specific objectives or goals that the organization aims to achieve.

(B) Developing premises: After setting objectives, the next step is to identify and develop the premises or assumptions on which the plan is based. These premises may include economic conditions, market trends, and other factors.

(C) Identifying alternative courses of action: With the objectives and premises in mind, various alternative courses of action are identified. These are different ways or strategies to achieve the established goals.

(D) Evaluating alternative courses The identified alternatives are then evaluated, considering their feasibility, potential outcomes, and alignment with the objectives and premises.

(E) Selecting an alternative: Based on the evaluation, the most suitable or preferred alternative is selected, which becomes the chosen plan of action.

So, the correct answer is:

(4)(A), (B), (C), (D), (E)