CBSE Class 12 Business Studies Planning Worksheet

Class 12 Business Studies Practice Set: Chapter 04 Planning

Access printable practice worksheets for Chapter 04 Planning designed to align with the 2026-27 academic syllabus for Class 12 Business Studies. These structured exercises help students evaluate their conceptual understanding and improve exam readiness.

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View or download the dedicated Chapter 04 Planning practice resource below. Engaging with these objective and subjective questions daily ensures continuous academic progress and mastery of the 2026-27 curriculum.

 PLANNING
 
1 What is Planning/
Planning is deciding in advance what to do and how to do.
 
2 Discuss the Importance of Planning?
Planning provides directions, reduces risks of uncertainty, reduces overlapping and wasteful activities, promotes innovative ideas, facilitates decision making, establishes standards for controlling.
 
3 What are the Features of Planning ?
Planning focuses on achieving objectives, It is a primary function of management, Planning is pervasive, continuous, futuristic and involves decision making, It is a mental exercise.
 
4 Limitations of Planning:
Planning leads to rigidity; reduces creativity; involves huge costs; It is a time consuming process; Planning does not work in a dynamic environment; and does not guarantee success.
 
5 Planning Process :
Setting objectives: Objectives may be set for the entire organisation and each department or unit within the organisation.
Developing premises: Planning is concerned with the future which is uncertain and every planner is making assumptions about what might happen in future. Identifying alternative courses of action: Once objectives are set, assumptions are made. Then the next step would be to act upon them.
 
Evaluating alternative courses: The next step is to weigh the pros and cons of each alternative. Selecting an alternative: This is the real point of decision making. The best plan has to be adopted and implemented. Implement the plan: This is concerned with putting the plan into action. Follow-up action: Monitoring the plans are equally important to ensure that objectives are achieved.
 
6 Types of Plans:
Objectives: Objectives therefore can be said to be the desired future position that the management would like to reach.
Strategy: A strategy provides the broad contours of an organisation’s business. It will also refer to future decisions defining the organisations direction and scope in the long run.
Policy: Policies are general statements that guide thinking or channelise energies towards a particular direction.
Procedure: Procedures are routine steps on how to carry out activities.
Rule: Rules are specific statements that tell what is to be done.
Programme: Programmes are detailed statements about a project which outlines the objectives,policies, procedures, rules, tasks, human and physical resources required and the budget to implement any course of action.
Budget: A budget is a statement of expected results expressed in numerical terms. It is a plan which quantifies future facts and figures.
 
7 On the introduction of ‘Goods and Services Tax Act’, experts in the field of business started analysing and forecasting its impact on various sectors and industries. Arun, an established businessman, attended a few seminars and conferences organised by such experts to familiarize himself with this information. He wanted to use these forecast and conjectures to reduce the uncertainty in making decisions for the future in his business. Name the step in the planning process that is being discussed in the above paragraph.
Ans. Developing Premises.
 
8 Suhasini a home science graduate from a reputed college has recently done a cookery course. She wished to start her own venture with a goal to provide 'health food' at reasonable price. She discussed her idea with her teacher (mentor) who encouraged her. After analyzing various options for starting her business venture, they shortlisted the option to sell readymade and 'ready to make' vegetable shakes and sattu milk shakes. Then, they both weighed the pros and cons of both the shortlisted options.
(a) Name the function of management being discussed above and give any one of its characteristics.
(b) Also briefly discuss any three limitations of the function discussed in the case.
Ans. (a) Function of Management Planning:
Characteristics of planning
(i) Planning focuses on achieving objectives.
(ii) Planning is a primary function of management
(iii) Planning is pervasive
(iv) Planning is continuous
(v) Planning is futuristic
(vi) Planning involves decision making.
(vii) Planning is a mental exercise.
 
(b) Any three limitations of planning:
(i) Planning leads to rigidity
(ii) Planning may not work in a dynamic environment
(iii) Planning reduces creativity
(iv) Planning involves huge cost
(v) Planning is a time consuming process
(vi) Planning does not guarantee success


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Practice Worksheet and Study Resources for Class 12 Business Studies Chapter 04 Planning

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Are these Business Studies Class 12 worksheets based on the 2026-27 competency-based pattern?

Yes, our CBSE Class 12 Business Studies Planning Worksheet includes a variety of questions like Case-based studies, Assertion-Reasoning, and MCQs as per the 50% competency-based weightage in the latest curriculum for Class 12.

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Yes, we have provided detailed solutions for CBSE Class 12 Business Studies Planning Worksheet to help Class 12 and follow the official CBSE marking scheme.

How does solving CBSE Class 12 Business Studies Planning Worksheet help in exam preparation?

Daily practice with these Business Studies worksheets helps in identifying understanding gaps. It also improves question solving speed and ensures that Class 12 students get more marks in CBSE exams.

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