Question

What are certain assumptions about the future on the basis of which plan will be ultimately formulated ?

Answer 1

The Certain assumptions about the future on the basis of which plan will be ultimately formulated

Explanation:

Manager of the company have to create certain assumptions on the basis of which the plan is formulated are planning premises.

• As we all know that future is unpredictable.
• We cannot predict the exact thing what will  happen in our  near future.
• One can only assume the things  about future happenings.
• The assumptions are like forecasts about the demand of  company product, government policy change, interests rates,tax rates etc.