Planning

20 solved questions from Class 12 Business Studies, each with the full working. Tap any question to see the step-by-step solution.

• 1 What is the primary topic or theoretical principle explored in 'Planning' (Class 12 BUSINESS-STUDIES)? medium MCQ Chapter Core Principle
• 2 Which key mechanism or analytical rule is highlighted in 'Planning'? medium MCQ Key Analytical Mechanism
• 3 What is the primary topic or principle explained in 'Planning' (Class 12 Business Studies)? medium MCQ Chapter Core Concept
• 4 Which key observation or fact is central to understanding 'Planning'? medium MCQ Key Fact & Mechanism
• 5 Why is the study of 'Planning' important for students of Class 12? medium MCQ Learning Significance
• 6 What is a common application or real-world example related to 'Planning'? medium MCQ Real World Application
• 7 What key takeaway should students retain after completing 'Planning'? medium MCQ Chapter Summary & Takeaway
• 8 A small textile firm expects to sell 8,000 units in the next quarter. The selling price per unit is Rs.150 and the variable cost per unit is Rs.90. Fixed manufacturing overheads for the quarter are Rs.180,000. Using these figures, prepare a production budget (in rupees) for the quarter and explain why such a budget is an essential part of the planning process. hard 5 marks Budgeting as planning
• 9 List and briefly explain the five major steps involved in the planning process. medium 2 marks Steps of planning
• 10 A retailer recorded monthly sales (in thousand rupees) for the last four months as follows: Jan – 120, Feb – 150, Mar – 130, Apr – 160. Using the simple average method, forecast the sales for May. What is the forecasted amount? medium 3 marks Simple average forecasting
• 11 A startup tech firm intends to launch a new mobile app. The expected sales for the next 3 months are: Month 1 – 10,000 units, Month 2 – 12,000 units, Month 3 – 11,000 units. The selling price per unit is Rs.200 and the variable cost per unit is Rs.120. Fixed development cost is Rs.2,000,000. Prepare a production budget for the quarter and compute the expected profit for the quarter. hard 4 marks Production budget and profit calculation
• 12 Explain the role of forecasting in the planning process and give an example of a forecasting method suitable for a small business. medium 3 marks Role of forecasting in planning
• 13 Discuss how a small manufacturing firm can use the planning process to improve its market competitiveness. Illustrate each step of the planning process with specific actions the firm might take. hard 5 marks Planning for competitive advantage
• 14 Which of the following is NOT a step in the planning process? medium MCQ 1 mark Planning process steps
• 15 A bakery recorded the following monthly sales (in units) for the last four months: November – 2000, December – 2400, January – 2200, February – 2600. Using the simple average method, forecast the sales for March. easy 1 mark Simple average forecasting
• 16 A small clothing manufacturer expects to sell 12,000 shirts in the upcoming quarter. The selling price per shirt is Rs.250, the variable cost per shirt is Rs.180, and the fixed manufacturing overheads for the quarter are Rs.500,000. Prepare a production budget (in rupees) for the quarter and compute the expected profit. hard 5 marks Production budget and profit calculation
• 17 Which of the following is NOT a type of forecasting method used in business planning? easy MCQ 1 mark Forecasting methods
• 18 A small bakery expects to sell 12,000 loaves of bread in the next month. The selling price per loaf is Rs.45, the variable cost per loaf is Rs.20, and the fixed manufacturing overhead is Rs.120,000. Prepare the production budget in rupees and compute the expected profit. medium 3 marks Production budget and profit calculation
• 19 Explain how the planning process helps a small manufacturing company improve its competitiveness, illustrating each step of the planning process with specific actions the firm might take. hard 4 marks Planning process and competitiveness
• 20 A small textile company expects monthly sales (units) for the next 6 months as follows: Jan – 3,000, Feb – 3,500, Mar – 3,200, Apr – 3,800, May – 4,000, Jun – 4,200. The desired ending inventory at the end of June is 500 units and the beginning inventory on Jan 1 is 300 units. The selling price per unit is Rs.200, the variable cost per unit is Rs.120, and the fixed manufacturing overhead for June is Rs.500,000. Prepare the production budget for June (in units) and compute the expected profit for June. hard 5 marks Production budgeting with inventory effects