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Business Studies

Importance of Planning

There is no p...

Question

There is no precise agreement regarding the set of rules for achieving goals. This was the concept given by:

A

Marshall

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B

Robbins

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C

Ricardo

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D

Smith

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Solution

The correct option is A Marshall
Marshall who defined various theories of modern economy also mentioned that to achieve goals planning is very important, but plans should be indicative and not compulsive in nature because plans should be executed after observing the given situation.

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