Read the Passage Given below and answer the following question.
Namchi Designer Candles, run by Smita has 100 per cent women as employees and they also produce varieties of candles. During Diwali, they produce customized candles meant for the occasion. These Diwali themed candle has been a success in Sikkim as its demand increases on a yearly basis. Namchi Designer Candles has been receiving numerous awards such as North East Women Entrepreneur of the year 2015-2016 for Sikkim and Sreemanta Shankar Mission of Guwahati on 26th April 2018 at New Delhi. A typical day in Smita’s life consists of a series of interrelated and continuous functions. She has to plan a special festive collection for Diwali. This means organising more funds and recruiting more workers. She also has to regularly communicate with her suppliers to ensure that deadlines regarding delivery of goods are met. In the course of the day, she meets customers for a general feedback and any suggestions that they may have.

“She has to plan a special festive collection for Diwali.” Which of the following is part of the planning process?

Setting goals in advance

Establishing authority and reporting relationships and Identification and division of work are part of organisation process.

Planning Process:

1. Setting objectives: Objectives may be set for the entire organisation and each department or unit within the organisation.
2. Developing premises: Planning is concerned with the future which is uncertain and every planner is using conjucture about what might happen in future.
3. Identifying alternative courses of action: Once objectives are set, assumptions are made. Then the next step would be to act upon them.
4. Evaluating alternative courses: The next step is to weigh the pros and cons of each alternative. Selecting an alternative: This is the real point of decision making. The best plan has to be adopted and implemented.
5. Implement the plan: This is concerned with putting the plan into action. Follow-up action: Monitoring the plans are equally important to ensure that objectives are achieved.