By anticipating change and preparing responses, planning:
AEnds all the competition
BReduces risks of uncertainty
CRemoves every future risk
DStops all market changes
Answer & Solution
Correct answer: B. Reduces risks of uncertainty
1. Events cannot be eliminated.
2. But they can be anticipated.
3. So planning reduces the risk of uncertainty.
_Source: NCERT Class 12 Business Studies Part I, Chapter 4, Planning._
Related questions
The push for continuous improvement in processes and products came in part from:Plans that are placed on a shelf and never revisited show a failure to value:Effective control systems rest, above all, on good:Planning and controlling are described in effective organisations as being:Controls applied while the work is under way are called:Controls used after the product or service is finished, to examine output, are:Controls used before work begins, to prevent deviation from the plan, are:Which is one of the three types of that once-only plan?