Target Exam

CUET

Subject

Business Studies

Chapter

Planning

Question:

If there is a plan to increase production then more labour and more machinery will be required. This step would also involve organizing for labour and purchase of machinery.

Identify this step in the process of planning.

Options:

Follow up action 

Implementing the plan 

Evaluating alternative courses 

Developing premises

Correct Answer:

Implementing the plan 

Explanation:

The correct answer is option 2- Implementing the plan.


The step described —' increasing production by organizing for more labor and purchasing machinery' — is part of the implementation phase of planning. During this phase, the planned actions are carried out. This includes arranging for the necessary resources, such as labor and equipment, and putting the plan into action to achieve the desired outcomes.


OTHER OPTIONS

  • Follow up action: This involves monitoring and ensuring that the plan is being executed correctly and making adjustments if necessary. It comes after implementation.
  • Evaluating alternative courses: This happens earlier in the planning process when different strategies are considered and assessed before deciding on the best course of action.
  • Developing premises: This refers to setting the underlying assumptions or conditions that the plan is based on, which is typically done in the initial stages of planning.