Which of the following statements are correct?
1. Manpower planning helps the organisation to realise the importance of manpower management which ultimately helps in the stability of a concern.
2. Manpower planning helps in reducing the overall cost of production by making optimum use of physical resources in an organisation.

A. Both statements are correct

B. Statement 1 is correct and Statement 2 is incorrect

C. Both statements are incorrect

D. Statement 2 is correct and Statement 1 is incorrect

Answer: Option B