Planning — Business Studies STD 12 Commerce — Question
CBSE BoardEnglish MediumSTD 12 CommerceBusiness StudiesPlanning3 Marks
Question
What are standing and single use plans?
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Answer
An organisation may need different types of plans for accomplishment of its goals. Types of plans can be broadly classified into:
Standing Plan: Standing plans are used over and over again. These are the policies and procedures developed to ensure that the internal operation of the business goes on smoothly. Once developed, they are used again and again with some modification to suit business requirements. Policies, procedures. methods and rules are included in standing plans.
Single-use Plan: Single-use plans are made to be used only once. They aim at dealing with some unique or rare situation within the organisation Budget, programmes and projects are included in single-use plans.
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