A general statement that guides thinking, such as a recruitment or pricing policy, is a:
APremise
BPolicy
CProgram
DBudget
Answer & Solution
Correct answer: B. Policy
1. It channels energies in a direction.
2. It is a guide to managerial action.
3. That is a policy.
_Source: NCERT Class 12 Business Studies Part I, Chapter 4, Planning._
Related questions
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