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Question

Bhavan Ltd. is a garment manufacturing company, the company regularly scan the business environment and constantly adapts itself to the changes in the environment. With all these efforts also it became difficult for the company to foresee future trends. Competition in the market effects the financial plan of the company, sales targets have to revise which in turn effect the cash budget. Identify the types of plans in the paragraph.


A

Budget

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B

Method

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C

Policy

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D

Strategy

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Solution

The correct options are
A

Budget


D

Strategy


Strategy is a comprehensive plan to achieve organisational objectives.

Budget is a statement of expected result expressed in numerical terms.


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