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Business Studies · 2023 · 6 marks
CBSE 2023 · Region 4 · Set 1 · Q33
Identify and explain the type of plans in the following cases :(a)Ananta Travel and Tourism Pvt. Ltd. is providing tourism andhospitality services to its customers. To achieve its objectives thecompany prepares a comprehensive plan taking into considerationthe business environment.(b)Amit is Chief Executive Officer of Mannat Raj Industries . Hedeveloped the broad parameters within which the managers mayfunction. By doing so he tried to provide a base for interpretingstrategy which was stated in general terms.
Identify and explain the type of plans in the following cases :
(a)
Ananta Travel and Tourism Pvt. Ltd. is providing tourism and
hospitality services to its customers. To achieve its objectives the
company prepares a comprehensive plan taking into consideration
the business environment.
(b)
Amit is Chief Executive Officer of Mannat Raj Industries . He
developed the broad parameters within which the managers may
function. By doing so he tried to provide a base for interpreting
strategy which was stated in general terms.
Marking-scheme solution
(a)
The type of plan is Strategy.
Any two:
§ A strategy is a comprehensive plan for accomplishing an
organisation’s objectives taking business environment into
consideration.
§ It provides the broad contours of an organisation’s business.
It refers to future decisions defining the organisations
direction and scope in the long run.
§ Strategy as a comprehensive plan includes three dimensions,
(i)
determining long term objectives, (ii) adopting a
particular course of action, and (iii) allocating resources
necessary to achieve the objective.
(b)
The type of plan is Policy.
Any two:
§ Policies are general statements that guide thinking or
channelise energies towards a particular direction.
§ Policies define the broad parameters within which a
manager may function.
§ A manager may use his discretion to interpret and apply a
policy.
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CBSE Class 12 Business Studies past-paper question from the 2023board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.