Arrange the steps of Planning Process in a proper order :

(A) Implementation of plan and follow-up action

(B) Developing Premises

(C) Identification and evaluation of alternative courses of action

(D) Setting up of objectives

(E) Selecting an alternative

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____________ is usually developed once but is modified from time to time to meet business needs as required.

Arrange the following steps in planning process in the correct order:

A. Developing premises

B. Setting objectives

C. Selecting an alternative

D. Evaluating alternative courses

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Arrange the following steps of Planning Process in the correct sequence:

(A) Setting Objectives

(B) Identifying alternative courses of action

(C) Selecting an alternative

(D) Evaluating alternative courses

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Procedures are steps to be carried out within a broad ________ framework.

Match List-I with List-II

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Aren has completed his studies and now wants to start his own business. He has undertaken the given steps in the planning process. Rearrange them to create the correct process of planning.

A. He has forecasted the demand of his products, interest rate, price of capital goods, tax rate

B. Aren decides to produce in bulk to reduce cost of production

C. Aren found out that increasing price and reducing quality will reduce his customers, but producing in bulk will increase customers

D. Aren sets an objective to earn 20% profit in the first year of business

E. To achieve the target, Aren can reduce price of product or reduce quality of raw material or produce in bulk to reduce cost of production.

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