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Question:
(a) Planning is important for the success of an organization. Explain the term "planning" and describe how you would relate the components of the planning process
(b) Provide five characteristics that can explain "planning"
(c) Without proper decision making in an organization, planning can fail. Relate the relevance of planning and performance. Use appropriate examples to support your answer.
Advantage of North West Corner Method: a. This methods is very effective as it provide step by step solution. b. It is very simple to obtain optimum solution through this
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relation to material management of the concept and its contribution explen economic order quantity
benefits
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