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Business Studies

Types of Plans

The main func...

Question

The main function of business planning is to provide and implement the ___________.

A

Formal & straight business plan

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B

Good & systematic business plan

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C

Informal & systematic business plan

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D

Formal & systematic business plan

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Solution

The correct option is D Formal & systematic business plan
Planning is the primary function of management and involves thinking in advance regarding what is to be done etc. It involves selection of objectives, policies, procedures and programmes from among alternatives. The main function of business planning is to provide and implement formal and systematic business plan.

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