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
Answer (1)
11th Jan, 2024
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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