Differentiate between standing plan and single-use plan.

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Difference between standing plan and single-use plan

Basis of comparison	Standing plan	Single use plan
Approach for preparing	It is prepared for long term.	It is prepared for short term.
Who prepares?	It is prepared by top level managers.	It is prepared by lower level managers.
Objective	To attain primary objectives of the organization.	To attain specific goals or to solve specific problems that the organization face
Stability	They are very stable in nature and cannot be changed.	These plans are flexible and can be changed as per the conditions of the organization

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