Answer-
Standing plans-
These are the plans that are for long run they are recurring in nature .These plans are made using past data and hence involves informed decisions.
These plans include the following -
1. OBJECTIVES-
These are the goals desired by the organisation and they give a direction to the activities of the organisation.They serve as benchmark for getting the effectiveness and efficency of the organisation . PLANNING WITHOUT OBJECTIVES IS MEANINGLESS.
2. STRATEGIES-
It is a special form of plan which is made to combat the challenge possessed by competitors strategy and is based on their action .
3.POLICIES -
This kind of plan acts as a directive force which aims at providing a stable and endless framework .
4.RULES -
They are most uncomplicated type of plan and they help in controlling the business .
5.PROCEDURES -
It implies a given sequence which is required to be followed by the managers in order to achieve te goals desired.
6.METHOD-
They are based on standards ,habits and manners or a way to perform a particular task in a particular way .