The document discusses different types of plans used in business studies, including objectives, goals, policies, procedures, programs, methods, strategies, projects, and budgets. Objectives are the aims an organization wants to achieve over time. Goals are future states the organization wants to realize. Policies state how an organization will act in certain circumstances. Procedures provide a systematic way to handle regular events, while programs are sequences of activities to achieve objectives. Methods are standardized ways to complete routine jobs, and strategies involve anticipating competitors' reactions. Projects have distinct objectives and completion time periods, and budgets state expected numerical results.

1. Name of the Teacher : Suji Suresh
Class : XII
Subject : Business Studies
Topic : Types of Plan

2. Objective
s
Goals
Policies
Procedur
es
Programm
es
Methods
Strategies
Projects
Budgets

3. Objectives are the
goals, aims or purposes
that organisations wish
to achieve over varying
periods of time.

4. Goals are future state of
affairs which the
organisation wants to
realise.

5. Policies are statements of an
organisation’s intention to act in
certain ways when specific types
of circumstances arise

6. Procedures refers to a
systematic way of handling
regular events.

7. Rules are specific
regulations that must be
followed by the employees in
an organisation.

8. Programmes are a
sequence of activities
directed towards the
achievement of certain
objectives.

9. Methods are formalised
and standardised ways of
accomplishing repetitive and
routine jobs.

10. Strategies refers to placing
oneself in the position of
competitors and seeing what
ones own reaction will be in a
similar situation.

11. Projects are a
complex cluster of
associated activities with a
distinct objective and a
prescribed completion time
period.

12. Budgets as a plan are a
statement of expected results
expressed in numerical terms.