Question : ABC Ltd. is a reputed company. They had devoted a lot of time and money to its plan. Identify the limitation of planning mentioned here.
Option 1: Planning may not guarantee success
Option 2: Planning may not work in a dynamic environment
Option 3: Planning involves huge cost
Option 4: Planning creates rigidity

Question

Question : ABC Ltd. is a reputed company. They had devoted a lot of time and money to its plan. Identify the limitation of planning mentioned here.

Option 1: Planning may not guarantee success

Option 2: Planning may not work in a dynamic environment

Option 3: Planning involves huge cost

Option 4: Planning creates rigidity

Team Careers360 · Accepted Answer

Correct Answer: Planning involves huge cost

Solution : Planning process involves lot of cost because it is an intellectual process and companies need to hire the professional experts to carry on this process. Along with the salary of these expert the company has to spend lot of time and money to collect accurate facts and figures.
Hence, option 3 is the correct answer.

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Related Questions

Question : 'It is not always true that just because a plan has worked before it will work again,' Identify the related limitation of planning?

Question : 'Planning cannot foresee everything in future, and thus there may be obstacles to effective planning' Identify the limitation of planning.

Question : Which of the following limitation of planning is highlighted in the below statement? Cost may be in terms of time and money.

Question : Which of the following limitation of planning is highlighted in the below statement? Planning can't forecast everything.

Question : Which of the following limitation of planning is highlighted in the below statement? To cope up with the circumstances managers need to be given some flexibility.

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Question : Which of the following limitation of planning is highlighted in the below statement?
Cost may be in terms of time and money.

Question : Which of the following limitation of planning is highlighted in the below statement?
Planning can't forecast everything.

Question : Which of the following limitation of planning is highlighted in the below statement?
To cope up with the circumstances managers need to be given some flexibility.