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Planning

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Question : Case Study: ABC Retail Chain

ABC Retail Chain is a popular brand with multiple stores across the country. They are planning to expand their product range by adding organic and eco-friendly products.

Question:

The importance of planning for ABC Retail Chain in expanding their product range includes:

Option 1: Enhancing the decision-making process
    

Option 2: Limiting financial resources
 

Option 3: Ignoring external factors

 

Option 4: Restricting employee autonomy

Team Careers360 24th Jan, 2024

Correct Answer: Enhancing the decision-making process
    


Solution : The correct answer is (a) Enhancing the decision-making process

Planning is crucial for making informed and effective decisions. In the context of expanding the product range, planning helps ABC Retail Chain analyze market trends, consumer preferences, and competitive landscapes. It enables them

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Question : Read the passage given below and then answer the questions given below the passage. Some words may be highlighted for your attention. Read carefully.


Billionaire Mukesh Ambani's telecom venture Reliance Jio Infocom is planning to foray into automobile telematics with the launch of a device that will control vehicle's movement and alert owner about fuel and battery through a mobile app. "Reliance Jio is ready with a car connected device that will have multiple features like immobilize car at the time of theft, alert owner about car movement, locate car and also provide wi-fi within car, The owner needs to use Jio sim in the device to avail benefits." an industry source said. The company is in advance talks with automobile companies to launch it very soon. "There are lots of factors that determine price, but price of the car connected device is estimated to be either equal to or less than its Jio's wifi device which costs around Rs 2,000," the source said. With help of Jio's car management device, the owner will get information about the way his driver is driving the car, the movement of vehicle can be restricted within a geography, switch on AC of car from any remote location, get alert of car break etc. "Jio is working on the modalities on its sales model for the existing cars as well" the source said. The device and application has been internally developed by Jio but the hardware device will be initially imported from China. "Jio has asked its device vendor to start making it in India after initial rollout," the source said. Besides this, the company is also scaling up its fibre to the home project for which it is running pilot in some cities including Delhi and Mumbai. "With Fibre to the home, Jio will focus on automatic entire home from entertainment to home surveillance to utility management, the source said. Jio has touched a customer base 7.24 crore and claims to be adding 1 lakh mobile subscribers per day. The company has set target to cross 10 crore customers by March 31, 2017.

Question:
Which of the following is ensured mostly through the use of JIO sim?

Option 1: Security
 

Option 2: Better models
 

Option 3: More entertainment
 

Option 4: More comfort

Team Careers360 23rd Jan, 2024

Correct Answer: Security
 


Solution : The correct answer is option 1.

Explanation

Reading over all the services that Jio may offer via the Jio sim, it can be deduced that everything will be incredibly safe, from a car's position to its immobility when stolen or managing things in a home.

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Question : Case Study 22:

DEF Ltd. is a well-established company planning to expand its global operations through acquisitions.

Question :

DEF Ltd. aims to expand its global operations through acquisitions. Which market activity is related to this objective?

 

Option 1: Primary market
 

Option 2: Currency swap
 

Option 3: Mergers and acquisitions

 

Option 4: Money market trading

Team Careers360 23rd Jan, 2024

Correct Answer: Mergers and acquisitions

 


Solution : The correct answer is (c) Mergers and acquisitions

Expanding global operations through acquisitions is related to mergers and acquisitions (M&A). M&A involve the process of combining two or more companies through various financial transactions, such as acquisitions, mergers, consolidations, or purchases of assets,

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Question : Sales forecasting is the basis on which a business firm prepares its annual plan for production and sales which feature of planning is highlighted in the above case?

Option 1: Planning focuses on achieving objectives

Option 2: Planning is continuous 

Option 3: Planning is primary function of management 

Option 4: Planning is futuristic

Team Careers360 21st Jan, 2024

Correct Answer: Planning is futuristic


Solution : Planning always means looking ahead or planning is a futuristic function. Planning is never done for the past. All the manager try to make prediction and assumption for future.
In the above case, Sales forecasting is the basis on which a business firm

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