Revision Notes For Class 12 Business Studies Chapter 4 Planning

Planning is the chapter that teaches students the importance of business planning. These are the concepts covered in this chapter for the purpose of revision – meaning and definition of planning, importance of planning – planning provides directions, it reduces the risk uncertainty, helps in promotion of innovative ideas, features of planning – it focuses on achieving objective, planning is pervasive and continuous, it is futuristic, decision making plays a vital role in planning, limitations of planning, planning process, types of plans. These are a few important pointers that the students can revise.

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