Commerce Exam  >  Commerce Questions  >  Tarang Enterprises Limited is planning to inc... Start Learning for Free
Tarang Enterprises Limited is planning to increase its sales by 30% in the next quarter. Name the feature of management being highlighted in the given statement.?
Most Upvoted Answer
Tarang Enterprises Limited is planning to increase its sales by 30% in...
Management is a goal oriented process..
Explanation:- As there is a goal to increase sales up to 30%.
Community Answer
Tarang Enterprises Limited is planning to increase its sales by 30% in...
Planning as a Feature of Management

Planning is the feature of management being highlighted in the given statement. Planning is a process of setting objectives and determining the best course of action to achieve those objectives. In this case, Tarang Enterprises Limited is setting a target to increase its sales by 30% in the next quarter.

Importance of Planning in Management

Planning plays a crucial role in the success of any organization. It helps in the following ways:

1. Setting Goals: Planning helps in setting specific, measurable, achievable, relevant, and time-bound goals for an organization.

2. Resource Allocation: Planning helps in allocating resources effectively to achieve the goals of the organization.

3. Coordination: Planning helps in coordinating the activities of different departments and individuals towards achieving common goals.

4. Risk Management: Planning helps in identifying potential risks and developing strategies to mitigate them.

5. Decision Making: Planning helps in making informed decisions based on the goals and objectives of the organization.

Conclusion

In conclusion, planning is a critical feature of management that helps organizations achieve their goals and objectives. By setting a target to increase sales by 30% in the next quarter, Tarang Enterprises Limited is demonstrating the importance of planning in achieving business success.
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
Explore Courses for Commerce exam

Top Courses for Commerce

Tarang Enterprises Limited is planning to increase its sales by 30% in the next quarter. Name the feature of management being highlighted in the given statement.?
Question Description
Tarang Enterprises Limited is planning to increase its sales by 30% in the next quarter. Name the feature of management being highlighted in the given statement.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Tarang Enterprises Limited is planning to increase its sales by 30% in the next quarter. Name the feature of management being highlighted in the given statement.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Tarang Enterprises Limited is planning to increase its sales by 30% in the next quarter. Name the feature of management being highlighted in the given statement.?.
Solutions for Tarang Enterprises Limited is planning to increase its sales by 30% in the next quarter. Name the feature of management being highlighted in the given statement.? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of Tarang Enterprises Limited is planning to increase its sales by 30% in the next quarter. Name the feature of management being highlighted in the given statement.? defined & explained in the simplest way possible. Besides giving the explanation of Tarang Enterprises Limited is planning to increase its sales by 30% in the next quarter. Name the feature of management being highlighted in the given statement.?, a detailed solution for Tarang Enterprises Limited is planning to increase its sales by 30% in the next quarter. Name the feature of management being highlighted in the given statement.? has been provided alongside types of Tarang Enterprises Limited is planning to increase its sales by 30% in the next quarter. Name the feature of management being highlighted in the given statement.? theory, EduRev gives you an ample number of questions to practice Tarang Enterprises Limited is planning to increase its sales by 30% in the next quarter. Name the feature of management being highlighted in the given statement.? tests, examples and also practice Commerce tests.
Explore Courses for Commerce exam

Top Courses for Commerce

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev