Multiple choice

Planning is the

  1. first stage of establishing organisational goals only

  2. establishing firm's goals and deciding how to accomplish them

  3. establishing firm's basic purpose which makes it different

  4. establishing firm's basic purpose which makes it successful
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Planning is the foundational management function of defining goals and determining the best course of action to achieve them. It provides the roadmap for the organization.

Keep practicing — related questions