Final Answer:
Planning is the process of setting goals and objectives.
The correct answer is: (c) Planning.
Step-by-step explanation:
Planning is the process of setting goals and objectives, outlining the actions needed to achieve them, and determining the resources required for implementation.
It involves making decisions about what needs to be done, how it will be done, when it will be done, and who will do it. Planning is a crucial managerial function that provides direction and purpose to the organization.
In summary, setting goals and objectives is an integral part of the planning process, making option (c) Planning the correct choice in this context.