R-Ox Ltd. wants to increase their market share by 4.5% in next two years. It spent a lot of money to hire specialized people for framing their plans, collecting important facts about environment who took lot of time to frame plans for the company. The competition has started increasing, and it is not able to beat its competitors because it has already spent a huge amount. The plan failed and company suffered a huge loss. Identify the limitation of planning stated in the given case.a)Planning involves huge cost.b)Planning may not work in a dynamic environment.c)Planning is a time-consuming process.d)All of the above.Correct answer is option 'D'. Can you explain this answer?

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R-Ox Ltd. wants to increase their market share by 4.5% in next two years. It spent a lot of money to hire specialized people for framing their plans, collecting important facts about environment who took lot of time to frame plans for the company. The competition has started increasing, and it is not able to beat its competitors because it has already spent a huge amount. The plan failed and company suffered a huge loss. Identify the limitation of planning stated in the given case.

a)
Planning involves huge cost.
b)
Planning may not work in a dynamic environment.
c)
Planning is a time-consuming process.
d)
All of the above.

Correct answer is option 'D'. Can you explain this answer?

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Test: Class 12 Business Studies: CBSE Sample Question Papers- Term I (2021-22)

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R-Ox Ltd. wants to increase their market share by 4.5% in next two yea...

Planning requires a lot of time to collect information, its analysis and interpretation. So, it is a timeconsuming process. When plans are drawn up huge costs are involved in their formulation. The environment in which a business survives is dynamic as it keeps on changing. The dynamic environment may sometimes lead to failure of plans.

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R-Ox Ltd. wants to increase their market share by 4.5% in next two yea...

Limitation of Planning in the Given Case:
Planning involves huge cost
- The case mentions that R-Ox Ltd. spent a lot of money on hiring specialized people and collecting important facts for planning.
- This indicates that planning can be costly, which may not always guarantee success.
Planning may not work in a dynamic environment
- The competition in the market is increasing, making the environment dynamic.
- In such a rapidly changing environment, the plans made by the company may become outdated or ineffective.
Planning is a time-consuming process
- The specialized people hired by R-Ox Ltd. took a lot of time to frame plans for the company.
- This shows that planning can be a time-consuming process, which may not align with the pace of changes in the market.
Conclusion:
- The limitation of planning in the given case is that it involves huge costs, may not work effectively in a dynamic environment, and can be a time-consuming process. These factors contributed to the failure of R-Ox Ltd.'s plan to increase its market share by 4.5% in the next two years.

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R-Ox Ltd. wants to increase their market share by 4.5% in next two years. It spent a lot of money to hire specialized people for framing their plans, collecting important facts about environment who took lot of time to frame plans for the company. The competition has started increasing, and it is not able to beat its competitors because it has already spent a huge amount. The plan failed and company suffered a huge loss. Identify the limitation of planning stated in the given case.a)Planning involves huge cost.b)Planning may not work in a dynamic environment.c)Planning is a time-consuming process.d)All of the above.Correct answer is option 'D'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about R-Ox Ltd. wants to increase their market share by 4.5% in next two years. It spent a lot of money to hire specialized people for framing their plans, collecting important facts about environment who took lot of time to frame plans for the company. The competition has started increasing, and it is not able to beat its competitors because it has already spent a huge amount. The plan failed and company suffered a huge loss. Identify the limitation of planning stated in the given case.a)Planning involves huge cost.b)Planning may not work in a dynamic environment.c)Planning is a time-consuming process.d)All of the above.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for R-Ox Ltd. wants to increase their market share by 4.5% in next two years. It spent a lot of money to hire specialized people for framing their plans, collecting important facts about environment who took lot of time to frame plans for the company. The competition has started increasing, and it is not able to beat its competitors because it has already spent a huge amount. The plan failed and company suffered a huge loss. Identify the limitation of planning stated in the given case.a)Planning involves huge cost.b)Planning may not work in a dynamic environment.c)Planning is a time-consuming process.d)All of the above.Correct answer is option 'D'. Can you explain this answer?.

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