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Question 1: Planning is the process of thinking about the activities required to achieve a desired goal. It is the first and foremost activity to

Question 1: Planning is the process of thinking about the activities required to achieve a desired goal. It is the first and foremost activity to achieve desired results. It involves the creation and maintenance of a plan, such as psychological aspects that require conceptual skills. Explain in details profit planning whats the purpose of profit planning and state the importance and techniques of profit planning.

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