Question

3. What are the steps taken by management in the planning
process?
4. Is planning actually worth the huge costs involved? Explain.​

Answer 1

Answer:

3. Steps of Planning process are :-

• Setting Objectives
• Developing Permises
• Identifying alternative course of action
• Evaluating alternative course
• Selecting an alternative
• Implicating the plan
• Follow up action

4. Yes, planning is actually worth the huge costs involved.Because these may be in terms of the time and money for example, checking accuracy of facts may involve lot of time.

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