Question : Case Study 1:

ABC Ltd. is a well-established manufacturing company that has been operating for several years. Recently, the company faced a decline in sales due to the economic recession in the country.

Q :- Why is understanding the business environment important for ABC Ltd.?
 

Option 1: To ensure complete control over external factors

Option 2: To analyze the internal structure of the company

Option 3: To identify potential opportunities and threats in the market

Option 4: To determine the pricing strategy for existing products

Question : Case Study 2:

ABC Furniture is a leading furniture manufacturer that faces intense competition in the market. The company wants to implement control systems to ensure the efficiency of its production process and maintain a competitive edge.

Question:

Why is controlling important for ABC Furniture?

Option 1: To increase employee turnover.

Option 2: To maintain a competitive edge.

Option 3: To reduce sales revenue.

Option 4: To avoid the planning process.

Question : Case Study: XYZ Manufacturing Company

XYZ Manufacturing Company is a well-established firm that produces consumer electronics. They have been facing increased competition and declining sales in recent years. The management is looking for ways to revamp their production processes and regain market share.

Question:

What is the first step XYZ Manufacturing Company should take in the planning process to improve their production processes?

Option 1: Setting objectives and goals
  

Option 2: Identifying potential risks
 

Option 3: Allocating resources

Option 4: Evaluating alternatives

Question : Shivam, the manager of ABC Ltd does not allow the salesman working under him to freely express their creative ideas regarding the sales target fulfilment. Identify the organisational behaviour expressed here.
 

Option 1: Status
 

Option 2: Regulation
 

Option 3: Organisational policy
 

Option 4: Organisational facilities.
 

Question : Case Study: XYZ Manufacturing Company

XYZ Manufacturing Company is a well-established firm that produces consumer electronics. They have been facing increased competition and declining sales in recent years. The management is looking for ways to revamp their production processes and regain market share.

What is the first step XYZ Manufacturing Company should take in the planning process to improve their production processes?

Option 1: Setting objectives and goals
  

Option 2: Identifying potential risks
  

Option 3: Allocating resources

Option 4: Evaluating alternatives