5. Defining planning premises?Planning premises are defined as the anticipated environment in which plans are expected to operate. They include assumptions or forecasts of the future & known conditions that will effects the operation of plans.
6. Explain in brief about the two approaches in which the hierarchy of objectives canbe explained?There are two approaches in which the hierarchy can be explained. top-down approach.
bottom-up approachIn
the top-down approach, the total organization is directed through corporate objective provided by the top-level management.
In the bottom up approach, the top level management needs to have information from lower level in the form of objectives.
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