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Question
What Is Meant by 'developing Premises' in the Process of Planning?
What Is Meant by 'developing Premises' in the Process of Planning?
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Solution
Developing premises is referred to as the second step in the planning process. It is necessary for a manager to make certain assumptions for the future and such assumptions are known as premises.
Assumptions are the base on which plans for the organisation are drawn, these assumptions can be forecasts or changes in the existing plans etc.
Also read:
- Planning Process
- Planning Concept
- Features and Limitations of Planning
- Difference Between Planning and Controlling
Stay connected with BYJU’S for more such questions and answers on various commerce topics.
Developing premises is referred to as the second step in the planning process. It is necessary for a manager to make certain assumptions for the future and such assumptions are known as premises.
Assumptions are the base on which plans for the organisation are drawn, these assumptions can be forecasts or changes in the existing plans etc.
Also read:
- Planning Process
- Planning Concept
- Features and Limitations of Planning
- Difference Between Planning and Controlling
Stay connected with BYJU’S for more such questions and answers on various commerce topics.
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