CBSE Class 12 Business Studies Planning Worksheet

Read and download free pdf of CBSE Class 12 Business Studies Planning Worksheet. Download printable Business Studies Class 12 Worksheets in pdf format, CBSE Class 12 Business Studies Chapter 4 Planning Worksheet has been prepared as per the latest syllabus and exam pattern issued by CBSE, NCERT and KVS. Also download free pdf Business Studies Class 12 Assignments and practice them daily to get better marks in tests and exams for Class 12. Free chapter wise worksheets with answers have been designed by Class 12 teachers as per latest examination pattern

Chapter 4 Planning Business Studies Worksheet for Class 12

Class 12 Business Studies students should refer to the following printable worksheet in Pdf in Class 12. This test paper with questions and solutions for Class 12 Business Studies will be very useful for tests and exams and help you to score better marks

Class 12 Business Studies Chapter 4 Planning Worksheet Pdf

 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


Please click on below link to download CBSE Class 12 Business Studies Planning Worksheet

Chapter 4 Planning CBSE Class 12 Business Studies Worksheet

The above practice worksheet for Chapter 4 Planning has been designed as per the current syllabus for Class 12 Business Studies released by CBSE. Students studying in Class 12 can easily download in Pdf format and practice the questions and answers given in the above practice worksheet for Class 12 Business Studies on a daily basis. All the latest practice worksheets with solutions have been developed for Business Studies by referring to the most important and regularly asked topics that the students should learn and practice to get better scores in their examinations. Studiestoday is the best portal for Printable Worksheets for Class 12 Business Studies students to get all the latest study material free of cost. Teachers of studiestoday have referred to the NCERT book for Class 12 Business Studies to develop the Business Studies Class 12 worksheet. After solving the questions given in the practice sheet which have been developed as per the latest course books also refer to the NCERT solutions for Class 12 Business Studies designed by our teachers. After solving these you should also refer to Class 12 Business Studies MCQ Test for the same chapter. We have also provided a lot of other Worksheets for Class 12 Business Studies which you can use to further make yourself better in Business Studies.

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