Free Business Studies - Class 12th (CBSE) - Worksheet - W4b - Planning
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What You Will Learn in This Blog
- Core planning concepts: Learn objectives, strategies, policies, and procedures through our worksheets.
- Step-by-step application: See how companies identify goals, gather information, choose alternatives, and monitor results. However, how planning has limitations also.
- Exam-ready clarity: Case-based questions on the same CBSE patterns that often appear in board exams.
- Concept reinforcement: Linking class 12th Business Studies (CBSE) textbook ideas to everyday business examples for better memory retention.
- Confidence booster: Working through practical situations builds analytical skills, helping you write high-scoring answers.
Case Study Questions of Business Studies (CBSE)
Q1. Mega Ltd. holds an Annual Management Programme every year in the month of March in which the top management will formulate plans for the next year by analysing and predicting the future to meet future events effectively. As they are responsible for providing direction to the organisation, their plans are thoroughly checked using scientific calculations. Detailed plans are prepared after a discussion with professional experts. A preliminary investigation was also undertaken to find out the viability of the plan. Since it is an intellectual activity requiring intelligent imagination and sound judgment, it is mainly done by the top management. Usually, the rest of the members just implement the plans. Middle-level managers are neither allowed to deviate from the plan nor are they permitted to act on their own. The top management ensures that the expenses incurred in formulating the plans justify the benefits derived from them. State any two limitations and any two features of planning discussed above.Q2. Saurabh decided to start a chocolate manufacturing business. He set the target of earning 10% profit on sales in the first year. As a good businessman, he was concerned about the future of his business, which was uncertain. He gathered information that his demand for chocolates is increasing day by day. He used this information as the base for future planning and shared it with his team. Based on the gathered information, he scheduled a meeting in the following week to find innovative ways to achieve the objectives. List the first two steps that have been followed by Saurabh that are related to the process of one of the functions of management.
Q3. Ferro Ltd., which manufactures scooters, is facing a lot of problems with declining market share due to increased competition from the new and existing players in the market. Its competitors are introducing low-priced models for price-sensitive customers and scooters with added features and technological advantages for quality customers. Which type of plan should be formulated by Ferro Ltd.?
Q4. Mr. Vinod, chairman of Vinod Construction Co., is involved in constructing residential flats in Ludhiana. Recently, he has been given the contract to construct 500 flats for which payment will be received in instalments from customers. He conducts a meeting with his architects, interior decorators, staff, and labour contractors like Maaser Electrician, Plumber, etc. He gives the target of constructing 500 flats in a year. After looking at his architects, he decides to construct a resistance building. Different departments were created for different types of work, and work was divided in such a way that it helps in avoiding confusion and misunderstanding. During the summer season, relief labour moves back from cities to their native place/villages. Due to several reasons, provision of this should also be taken care of. Sometimes, as per the situation, managers must choose among various alternative courses of action. The managers are given the target of completing at least 10% of the work every month, and the actual work done will be compared with the target, and necessary action will be taken if deviations are found. By quoting lines from the given paragraph, link it to the various importance of planning as a function of management.
Q5. Amit started a business of manufacturing bed sheets and curtains. Although he is good at planning, the performance of his business is not always good, nor is it always well. He analysed his problems and noticed some facts about his business. Once the plan is made, managers follow it blindly. Employees are only carrying out orders and not showing any initiative. Sanjay, his manager, tends to rely on previously tried and tested successful plans. Identify the limitations of planning, which are referred to here by quoting the lines from the given paragraph.
Q6. Apna Ghar, a company dealing in consumer durables, plans to increase the sale of its products by 25% around Diwali this year. Moreover, to cash in on the implementation of the seventh pay commission by that time, which is likely to raise the income of 47 lakh serving employees of the Central government and 52 lakh pensioners, the company has created 30 advertisement films which will be aired across 85 national and regional channels until Diwali. Identify the two different types of plans that 'Apna Ghar' proposes to implement by quoting lines from the paragraph.
Q7. Procter and Gamble Ltd. is offering a free bucket with every purchase of Tide washing powder. In response to this, Hindustan Unilever Ltd. started a new scheme of giving free one kg of Rin washing powder with every purchase of five kg of Rin washing powder. Identify the plan stated in the above paragraph and explain it.
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