ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Planning is helpful in increasing
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Cost
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Loss
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efficiency
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sales
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Explanation:
Detailed explanation-1: -Planning determines in advance, what is to be done in the future. It helps us in knowing as to what we will have to perform in order to achieve the objectives. Various activities of different departments and divisions are carried on in an effective manner, thereby, reducing overlapping and wasteful activities.
Detailed explanation-2: -Management improves efficiency by minimizing the wastage of resources that is time, money and effort. It helps in optimum utilization of all the resources in an organisation by coordinating all the activities performed by individual in the achievement of common goal. Was this answer helpful?
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