Question

40. Which type of plan is highlighted in each of the following statements?
(a) The library will issue the books for seven days
(b) ASDF company Lid, foliows the practice of hiring employees who are above the age of
25 years
(c) The type of plan which provides the broad contours of an organisation's business
(a) The type of plan which is also a control device from which deviation can be taken care of
(0) A company needs a detailed plan for its new project "Construction of a Shopping Malr
i Artha Ltd, intends to achieve a retum of 20% on investment​

Answer 1

Answer:

Strategy.

Strategy is an action that managers take to attain one or more of the organization’s goals. Strategy can also be defined as “A general direction set for the company and its various components to achieve a desired state in the future. Strategy results from the detailed strategic planning process”.