Which of the following concepts is concerned with determining the business objectives and how they can be achieved?

The concept concerned with determining the business objectives and how they can be achieved is planning. Planning involves setting business goals, identifying the resources required, and developing a strategy to achieve those goals. It is the process of deciding in advance what needs to be done, how it will be done, and who will do it. Planning is a critical function of management because it provides direction, focus, and clarity on what needs to be achieved, and how it will be achieved. Without proper planning, businesses may lack direction, and it will be difficult to achieve their objectives. Therefore, planning is essential for the success of any business.