“A policy is a guide to thinking and step to decision making.” Do

1.	“A policy is a guide to thinking and step to decision making.” Do you agree with this statement? Justify your answer. Give two examples of the policies of a firm.
Answer» Policy : Policy is a broad statement formulated to provide guide line Sm decision making. Eg. (1) Promotion based on merits only. (2) We don’t sell on credit.

“A policy is a guide to thinking and step to decision making.” Do you agree with this statement? Justify your answer. Give two examples of the policies of a firm.

Answer»

Policy :

Policy is a broad statement formulated to provide guide line Sm decision making.

Eg.

(1) Promotion based on merits only.

(2) We don’t sell on credit.