Sonam started a telecom company in New Delhi. His big goal was to connect with 90% of the people in India within a year. He believed that the need for internet services would increase a lot in the next 5 years. To make his ambitious plan work, he had to decide whether to buy an existing telecom business, team up with others, or compete on his own, dealing with strong competition. To make the right choice, he looked at proposals from different companies. He compared things like how much money they make, their taxes, and the dividends they pay. He also looked at their future plans, knowing that these could change if the country's economic policies shift.

'To make the right choice, he looked at proposals from different companies.'

Which step of planning process is discussed above?

Identify alternative courses of action and evaluate them

The correct answer is option 3 i.e. Identify alternative courses of action and evaluate them.

To make his ambitious plan work, he had to decide whether to buy an existing telecom business, team up with others, or compete on his own, dealing with strong competition. To make the right choice, he looked at proposals from different companies.

Thus, Sonam identify the different alternatives and then evaluate them on various basis to select the best among them.