MANAGEMENT

Detailed explanation-1: -Planning is always done for future and future is uncertain. With the help of planning, possible changes in future are anticipated and various activities are planned in the best possible way. In this way, the risk of future uncertainties can be minimised.

Detailed explanation-2: -We have to develop premises in order to remove the future uncertainty. As we are aware about that the future is always uncertain no one knows that what is going to happen in the next moment . So it is necessary to develop premises that if in future anything changes so what will be happen and what we have to do.

Detailed explanation-3: -Planning is helpful in increasing . Answer: Efficiency.

Detailed explanation-4: -1 Answer. There are uncertainties in planning because planning is based on assumptions and forecasting which is made for future. Future is uncertain and therefore, assumptions can not be fully correct. Uncertainties prevail in planning as it is related to future.

Detailed explanation-5: -Answer: Planning is concerned with defining goals for a company’s future direction and determining the resources required to achieve those goals.