No products in the cart.

3. Mega Ltd.' was manufacturing water …

CBSE, JEE, NEET, CUET

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

3. Mega Ltd.' was manufacturing water heaters. In the first year of its operations the revenue earned by the company was just sufficient to meet its costs. To increase the revenue, the company analysed the reasons of less revenue. After analysis the company decided: (i)To reduce the labour cost by shifting the manufacturing unit to a backward area where labour was available at a very low rate (ii) To start manufacturing solar water-heaters and reduce the production of electric water heaters slowly. This will not only help in covering the risks, but also help in meeting other objectives too. a)Identify and explain the objectives of management discussed above (4 Marks)

Posted by Om Agarwal 5 years, 6 months ago

CBSE > Class 12 > Business Studies

1 answers

Sia ? 5 years, 6 months ago

a) Mega Ltd is discussing about the achievement of ‘organisation objective’ in part (i) and ‘social objective’ in part (ii) of the question. Organisational objectives It refers to the goals for the benefit of all stakeholders such as employees, government, shareholders and investors.
Organisation objectives are:
(i) Survival When the organisation earns enough revenue to cover its cost.
(ii) Profit When the organisation earns enough revenue to cover costs and risks of the business.
(iii) Growth It implies growth in terms of sales, profit, number of workers, products produced and sold, etc.
Social objectives Since, business organisations are social units, their objectives should be in line with general needs of the society.
Some of the social objectives of an organisation are :
(i) Supply of quality products.
(ii) Using environmental friendly methods of production…
(iii) It should provide employment opportunities to the disadvantaged sections of society.
(b) Two values which the company wants to communicate to the society are:
(i) Promoting employment opportunities By providing employment to the people of backward area.
(ii) Environment friendly By producing solar heaters and reduce production of electric heaters

ANSWER

http://mycbseguide.com/examin8/

Related Questions

Henri fayol ke principles workplace par Kitne apply ho rahi hai ya Nahi Hai

Posted by Anshika Aggarwal 5 months ago

CBSE > Class 12 > Business Studies

1 answers

2. Hero Ltd.’s target is to produce 10,000 shirts per month at a cost of ₹ 150 per shirt. The Production Manager was able to produce 10,000 shirts at a cost of ₹ 140 per shirt but not within the stipulated time. As a result, there was loss of revenue. In this case the Production Manager is: a. effective but not efficient b. efficient but not effective c. Neither effective nor efficient d. All of these

Posted by Saku Shar 5 months, 1 week ago

CBSE > Class 12 > Business Studies

1 answers

This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

Few rules to keep homework help section safe, clean and informative.

Don't post personal information, mobile numbers and other details.
Don't use this platform for chatting, social networking and making friends. This platform is meant only for asking subject specific and study related questions.
Be nice and polite and avoid rude and abusive language. Avoid inappropriate language and attention, vulgar terms and anything sexually suggestive. Avoid harassment and bullying.
Ask specific question which are clear and concise.

Remember the goal of this website is to share knowledge and learn from each other. Ask questions and help others by answering questions.

Posted by Vanshika Nandwani 4 months, 3 weeks ago

CBSE > Class 12 > Business Studies

0 answers

Although internal recruitment many benefits still business refers external recruitment why?give 3 reasons

Posted by Shreya Mishra 4 months, 1 week ago

CBSE > Class 12 > Business Studies

2 answers

Identify the marketing management philosophy adopted in the following cases: Chanda, a note-book manufacturer for students, decided to maximize her profit by producing and distributing at large scale and thereby reducing the average cost of production. Indira, a dealer of refrigerators decided to maximize her profits by using different promotional efforts in an aggressive way. Shikha surveyed the market and found that customers need lemon based cold drinks in summers. She decided to produce lemon-masala cold drinks in the market.

Posted by Deexita Swarnkar 4 months ago

CBSE > Class 12 > Business Studies

0 answers

This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

Few rules to keep homework help section safe, clean and informative.

Don't post personal information, mobile numbers and other details.
Don't use this platform for chatting, social networking and making friends. This platform is meant only for asking subject specific and study related questions.
Be nice and polite and avoid rude and abusive language. Avoid inappropriate language and attention, vulgar terms and anything sexually suggestive. Avoid harassment and bullying.
Ask specific question which are clear and concise.

Remember the goal of this website is to share knowledge and learn from each other. Ask questions and help others by answering questions.

Posted by Yuvraj Singh 4 months, 3 weeks ago

CBSE > Class 12 > Business Studies

0 answers

This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

Few rules to keep homework help section safe, clean and informative.

Don't post personal information, mobile numbers and other details.
Don't use this platform for chatting, social networking and making friends. This platform is meant only for asking subject specific and study related questions.
Be nice and polite and avoid rude and abusive language. Avoid inappropriate language and attention, vulgar terms and anything sexually suggestive. Avoid harassment and bullying.
Ask specific question which are clear and concise.

Remember the goal of this website is to share knowledge and learn from each other. Ask questions and help others by answering questions.

Posted by Naina Mishra 4 months, 3 weeks ago

CBSE > Class 12 > Business Studies

0 answers

The top officials of a country’s Government held a meeting in order to speed up the business growth. In the meeting it was decided that there was a need for granting several exemptions to the Business Units already established. Similiarly ,they felt that with a view to setting up new Business Units the young men needed to be encouraged. Also it was emphasized in the meeting that the entry of Multinational companies needed to be simplified. Besides, priority was given to relaxing restrictions imposed on Import Business. The main reason for the Government to think like this was to speed up the economic growth. Identify the likely impact of the Government’s policy on business described in the paragraph given above.

Posted by Gautam Singhal 4 months, 3 weeks ago

CBSE > Class 12 > Business Studies

0 answers

Report on visit in LIC office

Posted by Jatin Pokhariya 4 months, 1 week ago

CBSE > Class 12 > Business Studies

0 answers

Relo Ltd. is laptop manufacturing company. The company decides to enter into refrigerator manufacturing industry. The compathahasa committed top management. It knows that there are various challenges in the market where its decisions regarding the new industry might fail Still the top management doesn't want to waste a lot of resources on its plans. It knows that sometimes plans take more time in making than getting implemented. However, the company wants to proceed with a positive approach. It has decided to study all the aspects of its competitors, to set all its objectives and to allocate the required resources. The company did well in its previous business. At that time, they took planning very seriously as they knew everything the company would do had to be based on concrete plans. The company will start its operations from next month. Q. (i) Identify and explain the function of management that has been discussed in the above case? (ii) Identify and explain the limitations of the function identified in above (i)

Posted by Deexita Swarnkar 4 months ago

CBSE > Class 12 > Business Studies

0 answers

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Test Generator

Test Generator

Create papers online. It's FREE.

CUET Mock Tests

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Google Play

Download myCBSEguide App