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Question

Planning enables a manager to look ahead and anticipate changes. Identify, which benefit of planning is highlighted here? 



A

Planning reduces uncertainties

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B

Planning is continuous 

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C

Planning is cost effective 

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D

None of the above 

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Solution

The correct option is A

Planning reduces uncertainties


Planning reduces the risk of uncertainty. By deciding in advance, planning shows the way to deal with changes and uncertain events. Such changes, when anticipated can be handled in an effective manner to reduce uncertainties. 


Business Studies

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