What is meant by ‘selecting an alternative’ as a step in the plan… - Vidyadip

Question

What is meant by ‘selecting an alternative’ as a step in the planning process?

✓

Answer

It means choosing the best possible alternative after a careful analysis of various alternatives.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "1 Marks Question" from Planning→Planning — all question types→Business Studies STD 12 Commerce question papers→CBSE Board STD 12 Commerce question papers→CBSE Board question paper generator→

Similar questions

As a result of the decision by Britian to exit to European Union the new trade agreements will come into force from the EU as it accounts for 35-40% of auto component exports from India. Tata Motors owned Britain’s largest carmaker Jaguar Land Rover (JLR) has been in Britain for three decades and makes 4,75,000 cars a year in the country of which most of them are exported inside the European Union and beyond. JLR estimates that their annual profit could be cut by one billion pounds ($1.47 billion) by the year 2020.
In the context of the above case :

Explain why are all the elements of business environment considered to be closely interrelated?
Name any two related dimensions of the business environment.

What is meant by 'caveat emptor'?

What do you understand by the ‘Flexibility’ of principle of management?

Define ‘Personal Selling’.

How does coordination ensure unity of action in Management?

Hero Ltd’s target is to produce 10,000 shirts per month at a cost of’ 150 per shirt. The production manager could achieve this target at a cost of’ 160 per shirt. Do you think the production manager is effective? Give reason in support of your answer.

Business environment is the aggregate of external forces. (True/ False)

Name the groups of public with whom business unit establishes relations.

What is meant by business environment?

It is defined as a process of influencing other people to work willingly for group objectives. Mention this element of directing.