MANAGEMENT

Detailed explanation-1: -If there is a plan to increase production then more labour, more machinery will be required. This step in the process of planning will involve organising for labour and purchase of machinery.-Business Studies. If there is a plan to increase production then more labour, more machinery will be required.

Detailed explanation-2: -(iii) Implementing the plan This is the step where other managerial functions also come into the picture. This step is concerned with putting the plan into action, i.e. doing what is required, e.g.. if there is a plan to increase production then more labour and more machinery will be required.

Detailed explanation-3: -Detailed Solution. The correct answer is Stating organizational objectives.

Detailed explanation-4: -The best and most feasible plan will be chosen to be implemented in “selecting an alternative” step of the planning process. The planning function of management involves eight steps to set the goals of the company and then managing the resources to achieve those goals.