Question: Planning is a commitment to a particular course of action undertaken to achieve specific results. It consists of several components or derivative plans that are

Planning is a commitment to a particular course of action undertaken to achieve specific results. It consists of several components or derivative plans that are generally bound together. These components are known as plans. There can be several types of plans. It is easy to see a major plan such as establishing a new enterprise but some future courses of actions are also plans. Any course of future action is a plan.

Distinguish between single-use plan and standing plans .Provide examples to illustrate your point.

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