difference between plans and policy?
differ. between procedure nd method ?
what is budget
Policies are a type of plans that define general statements that channel the efforts of individuals in order to achieved the defined objectives. The difference between all types of plans viz. policy, strategy, procedure, method, rule, objectives, programme and budget is already covered in our revision notes of Business Studies XII. Follow the given link and scroll down to the topic ' Difference between different types of plans' to view the same.