CBSE Class 12 Business Studies Planning Worksheet Set 08

 

 

1. Define Planning. 

 

2. Explain how ‘planning facilitates decision making’. 

 

3. ‘Planning provides direction’. Do you agree? Explain 

 

4. How does planning reduce the risk of uncertainties? 

 

5. Does planning promote innovative ideas? 

 

6. Is planning a prerequisite for controlling. Explain 

 

7. Explain the importance of planning for both small scale and big scale industries.

 

8. ‘No enterprise can achieve its objective without systematic planning’. Do you agree? Give reasons in support of your answer.

 

9. Rahul , a worker is given a target of assembling two computers per day. While doing the assembling an idea stuck him which would reduce the time and cost of the assembling. Rahul’s supervisor ,instead of appreciating him ordered him to complete the work as per the methods and techniques decided earlier as nothing could be changed at that stage. The above paragraph describes one of the limitations of the planning. Identify and explain it.

 

10. Do you think planning can work in a changing environment?

 

11. ‘Agile Ltd.’ is a well-known automobile manufacturing company in India. The company plans to increase the sale of its sedan cars by 20% in the next quarter. In order to achieve the desired target, the marketing team of the company considers the impact of policy of the government towards diesel vehicles and the level of competition in this segment of cars. They explore the various available options like offering more discounts to dealers and customers, providing more customer friendly finance options, lucky draws on test drives, increasing advertising, offering more of free accessories on the purchase of the car, etc. A thorough analysis of the various available options is done keeping in view the relative viability of each option. The company decides to pursue the option of offering more discounts to dealers and customers in order to boost the sale of sedan cars. In order to implement the plan, they determine the various discount packages and communicate the same to their product dealers. To make the prospective consumers aware about the new available benefits, advertisements are made through various sources of print and electronic media. The market analysts of the company keep a close watch on the revenue from the sedan cars to study the effect of new initiatives by the company to promote its sales.

In context of the above case:

Name the function of management described in the above paragraph.

Identify and explain the various steps involved in process the function of management as identified in part (a) by quoting lines from the paragraph.

 

12. If planning involves working out details for the future, why does it not ensure success?

 

13. Explain the limitations of planning.

 

14. ‘Sometimes planning fails in spite, of the best efforts of the management’. Do you agree? Give reasons in support of your answer.

 

15. Explain how ‘Planning is a mental exercise’.

 

16. Does planning focus on achieving objectives? 

 

17. Why is planning a primary function of management? 

 

18. Why is planning an all pervasive function of management? 

 

19. Explain the features of planning. 

 

20. Explain planning and give any five characteristics of planning.

 

21. Explain briefly any six steps in the formulation of a plan. 

 

22. Explain the steps in the process of planning. 

 

23. Explain ‘Objective’ and ‘Policy’ as types of plan with an example.

 

24. Explain with an example ‘Procedure’ and ‘Programme’ as types of plan.

 

25. Explain in brief the terms ‘policy’ and ‘procedures’ as types of plans and give any three points of differences between them with an example.

 

26. Explain ‘Method’ and ‘Rule’ as types of plan with an example.

 

27. What are planning premises?

 

28. What is a Budget? 

 

29. Arush joins as a sales manager of a company dealing in naturotherapy products. Being proficient in his work, he knew that without good planning he will not be able to organise, direct, control or perform any of the other managerial functions efficiently and effectively. Only on the basis of sales forecasting, he would assist in the preparation of the annual plans for its production and sales. Besides, he will have to prepare sales plans regularly on weekly, monthly, quarterly and half yearly basis. While preparing the sales forecasts, he undertakes intellectual thinking involving foresight, visualization and issued judgement rather than wishful thinking or guess work. Most importantly, all these planning activities will be meaningful only if they will coincide with the purpose fob which the business is being carried out.

In context of the above case, identify the various features of planning highlighted in the above paragraph by quoting lines from it.

 

30. Josh Ltd. is a one of the largest two-wheeler manufacturer in India. It has a market share of about 42% in the twowheeler category. The company had witnessed almost a 35% drop in the booking as the currency crunch was prompting people to withhold new purchases due to demonetization. Therefore, the production manager of the company had decided to align production to factor in slower sales in the market.

In context of the above case:

Identify and explain the function of management being discussed in the above lines.

Which limitations of the function of management as identified in part (a) of the question was the production manager trying to overcome due to demonetization?