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PLANNING — OCM STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceOCMPLANNING3 Marks
Question
“By planning uncertainties are decreased”-Explain.
✓

Answer

All the time of assumptions of planning:
  • Past experience
  • Present situation
  • Interrelationship between factors
  • Availability of resources,
  • Trends of competitors,
  • Apery of other countries,
  • Economic matter etc. factors are studied cleverly.
  • Due to this estimates can be made regarding which factors will be found on which side in future.
  • On the basis of assumptions, production.
  • Scarce situation can be faced.
  • Uncertain situation can be faced.
  • Thus, due to planning management can face the uncertainty of situation, so this situation would be decrease.

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