Solution:
Planning lays down the overall objective, strategies and polices for the total enterprise is corporate planning. Corporate planning is the act of creating a long-term plan to improve your business. A corporate plan examines a business's internal capabilities and lays out strategies for how to use those capabilities to improve the company and meet goals.

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Solution:
The assumptions about future derived from forecasting and used in planning are known as planning premises. Planning premises are the anticipated environment in which plans are expected to operate. They include assumptions or forecasts of the future and known conditions that will affect the course of plans such as prevailing policies and existing company plans that controls the basic nature of supporting plans.

Solution:
Goals, aims, purposes, missions and target is also known as objectives.

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