Describe nature of relationship among types of planning

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Question: 1. It has been said that aggregate planning is related to personnel planning, budgeting, and market planning. Describe the nature of the relationship among these types of planning.

2. Every firm has multiple objectives such as good labor relations, low operating costs, high inventory turnover, and good customer service. What are the pros and cons of treating these objectives separately in an aggregate planning problem versus combining them all into a single measure of cost?

Reference no: EM131909909

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