____________ are general statements that guide thinking or channelise energies towards a particular direction.

Match List-I with List-II

Choose the correct answer from the options given below:

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.

Choose the correct answer from the options given below:

Choose the correct order of planning process.

(A) Developing Premises

(B) Evaluating alternative courses

(C) Identifying alternative courses of action

(D) Implementing the plan

Choose the correct answer from the options given below:

Which among the following is NOT related with the benefits of planning?

Identify the type of plan not highlighted in the case.

The ends which the management seeks to achieve by its operations are: