General Studies · Limitations of Planning
A firm continues to follow an old production plan despite drastic changes in technology and consumer preferences, leading to a declining market share. This situation highlights which limitation of planning?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Planning is expensive
- 2Planning leads to rigidity✓
- 3Planning is a mental exercise
- 4Planning promotes innovation
Correct answer
Planning leads to rigidity
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