"Managers have a tendency to rely on previously tried and tested successful plans." This statement is related to:

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:

Match List-I with List-II

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:

In order to cope with the competitors, market leader Maruti adopted new technologies for manufacturing their recent models. Which type of plan is highlighted in the above statement?

Identify the logical steps involved in planning process which every manager has to follow

A. Objectives may be set for the entire organisation and each department

B. The best plan has to be adopted and implemented.

C. Put the plan into action.

D. The manager is required to make certain assumptions about the future

Choose the correct answer from the options given below:

Identify the type of plan which provides the manner in which a task has to be performed considering the objective.