MANAGEMENT

Detailed explanation-1: -Objectives are the basics of every company and the desired objective/result that the company plans on achieving, so they are the endpoint of every planning activity.

Detailed explanation-2: -Objectives represent the end results which an organization aims to reach. We can also refer to it as goals or targets. Not just planning but all factions of business management begin with the setting of objectives.

Detailed explanation-3: -By stating in advance how work is to be done, planning provides direction for action. Planning ensures that goals and objectives are clearly defined so that, they act as a guide for deciding what action should be taken and in which direction.

Detailed explanation-4: -The main points in the definition of planning are as follows (i) Planning is deciding in advance what to do and how to do. (ii) It is one of the basic managerial functions. (iii) Planning involves setting objectives and developing an appropriate course of action to achieve these objectives.