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Explain the following as feature of planning function of management: Planning involves decision making. - Business Studies

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प्रश्न

Explain the following as feature of planning function of management:

Planning involves decision making.

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उत्तर

In order achieve goals, planning necessitates choosing tactics, allocating resources, and determining the course of action. Based on a review of the risks, rewards, and resource limitations, managers must assess alternative courses of action, analyze the information that is currently available, and make well-informed decisions. 

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