What is a Standing Plan?
A plan which is made for activities that occur after regular intervals of time or its occurrence is sure in the future is known as Standing Plan. Such plans are made once but are flexible, i.e., they can be changed from time to time according to the needs of the business. They are made to ensure the smooth running of business operations. They are usually prepared by top-level Management.
Difference between Standing Plans and Single-Use Plans
Standing Plans and Single-Use Plans are two different types of plans. The former is a plan which is made for activities that occur after regular intervals of time; however, the latter is a plan which is made for a one-time event or project.
Table of Content
- What is a Standing Plan?
- What is a Single-Use Plan?
- Difference between Standing Plans and Single-Use Plans