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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 8th Jan, 2024
Answer (1)
Team Careers360 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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