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Karim decided to start a chocolates manufacturing business. He set the target of earning 10% profit on sales in the first year. As a good businessman, he was concerned about the future of the business, which was uncertain. He gathered the information that the demand for chocolates is increasing day-by-day. He used this information as the base for future planning and shared it with his team. On the basis of the gathered information, he scheduled a meeting in the following week to find innovative ways to achieve the objectives. Write the first step, which has been followed by Karim that is related to the process of one of the functions of management.

A) Setting objectives

B) Developing premises

C) Evaluating alternatives

D) Implementing the plan