Business Studies · Principles and Importance of Planning
'Changes and events cannot be eliminated but can be anticipated and managerial response to them can be developed.' Which importance of planning is highlighted in this statement?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Planning provides direction
- 2Planning reduces overlapping and wasteful activities
- 3Planning reduces the risk of uncertainty✓
- 4Planning facilitates decision making
Correct answer
Planning reduces the risk of uncertainty
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