The Planning Function Is the Arranging of the Necessary Resources

question 6

True/False

The planning function is the arranging of the necessary resources to carry out the plan.Planning involves setting long-term goals and objectives,along with the short-term tactics necessary to achieve them.

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Definitions:

Industry Analysts

Professionals who evaluate the financial conditions, market trends, and other factors of specific sectors or industries, providing insights and forecasts.

Market Economy

An economic system in which economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's individual citizens and businesses.

Incomes

Earnings received by individuals or entities in exchange for labor or investment, including wages, salaries, and profits.

Government Policies

Strategies and actions defined by government bodies designed to influence or guide aspects of the economy or social issues.