Question

2. The availability of resources gives rise to the PLANNING PROBLEM. Give the definition of the PLANNING PROBLEM and explain, in detail, the characteristics of resources which give rise to the problem. (10)

Answer 1

Explanation:

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Answer 2

The availability of resources gives rise to the PLANNING PROBLEM. Give the definition of the PLANNING PROBLEM and explain, in detail, the characteristics of resources which give rise to the problem.

• The process of identifying, predicting, and assigning diverse business resources to projects at the appropriate time and cost is known as resource planning. Additionally, it guarantees the efficient and effective use of resources throughout the entire organisation.
• Resources are distributed according to a number of physical parameters, including topography, climate, altitude, etc. The availability of resources differs in these locations as a result of the variations in all these aspects.
• It aids in identifying the diverse resources available in various parts of the nation. It aids in minimising resource waste. It aids in identifying the diverse resources available in various parts of the nation. It aids in the preservation of a variety of nonrenewable and finite resources.All kinds of life must be able to exist sustainably, which requires resource planning. India needs to plan its resources carefully because there is such a wide variety of resources available. For instance, the state of Rajasthan lacks water resources despite having significant potential for the development of solar and wind energy.
• Resource management is critical to completing projects on schedule and within budget. It gives business owners a way to run their companies more successfully without squandering the talent they've invested in while also saving time and money.

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