Answer:
a) The above plan for the Happy Food Restaurant is in accordance with the long term plan. In this type of plan, the company aims at medium term plan in order to achieve long term benefits and goals. 20 stores will give them long terms benefit in terms of profits and marketing.
b) Planning is of utmost importance in terms of management. It helps the top management to keep track of the goals and analyse the results obtained from certain strategies. It also helps them to monitor change and come up with solutions to cater to problems.
