Question

Arrange in correct sequence: 
(i) Setting objective 
(ii) Identifying alternatives 
(iii) Developing premises 
(iv) Evaluating options

• A. (i), (ii), (iii), (iv)
• B. (iii), (ii), (i), (iv)
• C. (i), (iii), (ii), (iv)
• D. (iii), (i), (ii), (iv)

Hint:

In planning, always start with clear objectives, followed by assumptions or premises, and then explore and evaluate alternatives. This process helps in making informed decisions.

Answer 1

The Correct Option is C

The correct sequence for the decision-making process in Business Studies is as follows:

1. Setting objective: This is the first step where the goals or targets that need to be achieved are clearly defined.
2. Developing premises: In this step, the assumptions and forecasts that will affect the decision are identified and formulated.
3. Identifying alternatives: Different courses of action or strategies are explored and listed as potential solutions.
4. Evaluating options: The alternatives identified are examined and analyzed for their feasibility, pros, and cons to determine the best possible choice.

Thus, the correct order is: (i), (iii), (ii), (iv).