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State the meaning of standing plans. - Business Studies

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प्रश्न

State the meaning of standing plans.

लघु उत्तरीय

उत्तर

  • A standing plan is used for activities that occur regularly over a period of time. It is designed to ensure that internal operations of an organisation run smoothly.
  • Such a plan greatly enhances efficiency in routine decision-making. It is usually developed once but is modified from time to time to meet business needs as required.
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