Question : Identify the concept in the following statement The objective of a mobile company is to increase the mobile users by 20% in 1 year.
Option 1: Single use plan
Option 2: Standing plan
Option 3: Objective
Option 4: Strategy
Correct Answer: Objective
Solution : Objectives are the ends which the management seeks to achieve within a given period by its operations. They are usually set by top management and different departments have their own objectives. Hence, option C is correct.
Question : Identify the concept in the following statement - Pepsi and Sprite are competitors in the soft drink market if Pepsi reduces the price of its product then Sprite maintain it's market share.
Question : Which plan are formalted for the short period and involves budget programs and projects?
Question : Which plan is developed once and is modified from time to time to meet needs as required?
Question : Identify the statement given below. It provides a basis for interpreting strategy. They are the guidelines to managerial action.
Question : Some plan are used repeatedly in similar situations. Identify the type of plan.
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