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Model Paper 2 — Business Studies STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceBusiness StudiesModel Paper 24 Marks
Question
What do you mean by a plan?
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Answer

• A plan is a formulation of certain steps and actions which are essential for achieving specific results.
• Plans can be classified on the basis of what they focus to achieve and the methods adopted viz. objectives, strategy, policy etc.
• On the basis of usage, plans are of two types i.e. single use plans and standing plans.
• For example, if the planned output for a week is 1,000 units and actual output is 580 units, the planners have to critically review their plans and modify them.

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