Grade 12 Exam > Grade 12 Videos > Business Studies for Grade 12 > Process of Planning
Process of Planning Video Lecture | Business Studies for Grade 12
|
52 videos|134 docs|49 tests
|
FAQs on Process of Planning Video Lecture - Business Studies for Grade 12
| 1. What is the process of planning commerce? |  |
Ans. The process of planning commerce involves several steps, including market research, identifying target customers, setting goals and objectives, developing a marketing strategy, creating a budget, implementing the plan, and monitoring the results. It is a systematic approach to ensure the success of a business in the competitive market.
| 2. Why is market research important in the planning of commerce? | |
Ans. Market research is crucial in the planning of commerce as it helps businesses understand their target market, identify customer needs and preferences, analyze competitors, and identify market trends. It provides valuable insights that businesses can use to make informed decisions and develop effective marketing strategies to attract customers and increase sales.
| 3. How does setting goals and objectives contribute to the planning of commerce? | |
Ans. Setting goals and objectives is an essential part of the planning process in commerce. It provides a clear direction for the business and helps align all activities towards achieving the desired outcomes. Goals and objectives provide a benchmark for measuring success, motivate employees, and guide decision-making. They help businesses stay focused, prioritize their actions, and track progress.
| 4. What is the significance of developing a marketing strategy in the planning of commerce? | |
Ans. Developing a marketing strategy is crucial in the planning of commerce as it outlines the specific actions and tactics businesses will use to reach their target audience, promote their products or services, and achieve their marketing goals. A well-defined marketing strategy ensures that businesses allocate resources effectively, create a consistent brand image, and differentiate themselves from competitors. It helps businesses attract and retain customers, generate sales, and ultimately, achieve business success.
| 5. Why is it important to monitor the results in the planning of commerce? | |
Ans. Monitoring the results is essential in the planning of commerce as it allows businesses to assess the effectiveness of their strategies, identify areas for improvement, and make necessary adjustments. It helps businesses measure their progress towards their goals, evaluate the return on investment, and identify any deviations from the plan. By monitoring the results, businesses can make data-driven decisions and ensure that their planning efforts are aligned with the changing market dynamics.
Related Exams
About this Video
|
2.2K Views |
|
4.63/5 Rating |
|
Dec 26, 2024 Last updated |
Video Description: Process of Planning for Grade 12 2024 is part of Business Studies for Grade 12 preparation.
The notes and questions for Process of Planning have been prepared according to the Grade 12 exam syllabus.
Information about Process of Planning covers all important topics for Grade 12 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Process of Planning.
Introduction of Process of Planning in English is available as part of our Business Studies for Grade 12 for Grade 12 & Process of Planning in
Hindi for Business Studies for Grade 12 course. Download more important topics related with notes, lectures and mock test series for
Grade 12 Exam by signing up for free.
Description
Video Lecture & Questions for Process of Planning Video Lecture | Business Studies for Grade 12 - Grade 12 full syllabus preparation | Free video for Grade 12 exam to prepare for Business Studies for Grade 12.
Information about Process of Planning
Here you can find the meaning of Process of Planning defined & explained in the simplest way possible.
Besides explaining types of Process of Planning theory, EduRev gives you an ample number of questions to practice Process of Planning tests,
examples and also practice Grade 12 tests.
|
52 videos|134 docs|49 tests
|
|
Explore Courses for Grade 12 exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Semester Notes
,Sample Paper
,Objective type Questions
,MCQs
,video lectures
,Viva Questions
,Extra Questions
,Free
,shortcuts and tricks
,Process of Planning Video Lecture | Business Studies for Grade 12
,study material
,Summary
,Process of Planning Video Lecture | Business Studies for Grade 12
,mock tests for examination
,Process of Planning Video Lecture | Business Studies for Grade 12
,Exam
,practice quizzes
,Previous Year Questions with Solutions
,past year papers
,ppt
,Important questions
,
Study Process of Planning on the App
Students of Grade 12 can study Process of Planning alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Process of Planning,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Process of Planning is prepared as per the latest Grade 12 syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup