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Explain ‘objectives’ as a type of plan. |
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Answer» Objectives: i. An objectives simply started is what you would like to achieve i.e., end result of activities. ii. For example, an organization may have objectives of increasing sales by 10%or earning a reasonable rate of return on investment, earn a 20%profit from business. They represented the end point of planning. iii. Objectives need to be expressed in specific terms i.e., they should be measureable in quantitative terms, in the form of a written statement of desired result to be achieved within a given period of time. |
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