Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
607 views
in Business Studies by (45.1k points)
closed by

Jimi & Co sells premium quality apparel. It has employed the country’s top fashion designers who design the apparel. Jimi & Co is hosting a fashion show, for which it has appointed Mr Ankush to draw out a detailed plan. Jimi & Co expects the fashion show to increase the demand for its products, hence it wants to strengthen its production process to meet future demands. It has also appointed Mrs Shwetha to come out with a detailed plan to improve efficiency in production. 

Briefly explain the type of plans used in the above situation.

1 Answer

+1 vote
by (45.4k points)
selected by
 
Best answer

Single-use Plan: A single-use plan is developed for a one-time event or project. Such a course of action is not likely to be repeated in future, i.e., they are for non-recurring situations. The duration of this plan may depend upon the type of the project. It may span a week or a month. A project may sometimes be of only one day, such as organising an event or seminar or conference. 

Mr Ankush is appointed to plan the fashion show, which is a one-time event. Hence the type of plan is a standing plan. 

Standing Plan: A standing plan is used for activities that occur regularly over a period of time. It is designed to ensure that the internal operations of an organisation run smoothly. Such a plan greatly enhances efficiency in routine decision-making. It is usually developed once but is modified from time to time to meet business needs as required. 

Mrs Shwetha is appointed to come out with a plan which will improve the efficiency of production. The activity of production is recurring in nature hence the type of plan is a standing plan.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...