Question
“Controlling helps the business unit during changing times.”-Explain.

Answer

The success of planning depends on internal and external factors.
  • Internal factors can be controlled by management, but external factors like government policies, competition, boom-slump, shortage of raw material, taste of consumer, change in fashion needs to be controlled.
  • Management studies the external factors and changes in them and takes the precautionary measure accordingly.
  • So it can be said that controlling helps the business unit during changing.

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