NCERT Solutions for Class 12 Business Studies Chapter 4 Planning

Planning is the process of thinking about the activities required to achieve the desired goal. It is the first and foremost activity to achieve the desired results. It involves the creation and maintenance of a plan, such as psychological aspects that require conceptual skills. The planning process is the steps a company takes to develop budgets to guide its future activities. The documents produced may include strategic plans, tactical plans, operating programs, and project plans. The steps in the planning process are: Develop objectives. Develop tasks to meet those objectives.