After completing her studies in product design, Sarita wishes to start her own business to design products to cater to the mobility and communication requirements of persons with special needs. She told her friend that she wanted to focus on supplying high-quality products at affordable prices. The Unique Selling Proposition of the products would be sensitivity to the challenges and needs of the differently abled people. She wants to employ only differently abled persons in her factor and sales offices across the country. This decision of Sarita provides the base for interpreting her strategy. This also defines the broad parameters within which the company may recruit the persons. Sarita has also to decide about the exact manner and the chronological order oh how the selection of the differently abled applicants will be done. In the above lines. Sarita is discussing about one of the functions of management. This function has several types.

Policy

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Procedure

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Budget

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Strategy

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Solution

The correct options are
A
Policy

B
Procedure

Types of plans Sarita is discussing in the above paragraph are:

1. Policy

2. Procedure

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Similar questions

Q. After completing her studies in product design, Sarita wishes to start her own business to design products to cater to the mobility and communication requirements of persons with special needs. She told her friend that she wanted to focus on supplying high quality products at affordable prices. The Unique Selling Proposition (USP) of the products would be sensitive to the challenges and needs of the differently abled people. She wants to employ only differently abled persons in her factory and sales offices across the country. This decision of Sarita provides the base for interpreting her strategy. This also defines the broad parameters within which the company may recruit the persons. Sarita has also to decide about the exact manner and the chronological order of how the selection of the differently abled applicants will be done. In the above lines, Sarita is discussing about one of the function of management. This function has several types. Identify and explain the types Sarita is discussing in the above lines.

Q. Sarita wants to expand her business, but she faces a shortage of capital. Which of the following schemes can Sarita utilise to avail a loan?

Q. Two years ago Madhu completed her degree in food technology. She worked for sometime in a company manufacturing chutneys, pickles and murabbas. She was not happy in the company and decided to have her own organic food processing unit for the same. She set the objectives and the targets and formulated action plan to achieve the same. One of her objective was to earn

10 %

profit on the amount invested in the first year.

11

was decided that raw materials like fruits, vegetables, spices etc. will be purchased on three months credit from farmers cultivating organic crops only. She also decided to follow the steps required for marketing of the products through her own outlets. She appointed Mohan as a Production Manager who decides the exact manner in which the production activities are to be carried out. Mohan also prepared a statement showing the number of workers that will be required in the factory throughout the year. Madhu informed Mohan about her sales target for different products, area wise for the forthcoming quarter. While working on the production table a penalty of Rs

100

per day for not wearing the caps, gloves and apron was announced. Quoting lines from the above pare identify and explain the different types of plans discussed.

Q. Suhasini a home science graduate from a reputed college has recently done a cookery course. She wished to start her own venture with a goal to provide 'healthy food' at reasonable price. She discussed her idea with her teacher (mentor) who encouraged her. After analyzing various options for starting her business venture, they shortlisted the option to sell ready-made and 'ready to make' vegetable shakes and sattu milk shakes. They, they both weighed the pros and cons of both the shortlisted options
(a) Name the function of management being discussed above and give any one of its characteristics.
(b) Also briefly discuss any three limitations of the function discussed in the case.

Ramkali would need Rs.1800 for admission fee and books etc., for her daughter to start going to school from next year. She saved Rs.50 in the first month of this year and increased her monthly saving by 20. After a year, how much money will she save? Will she be able to fulfill her dream of sending her daughter to school?

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The correct options are A Policy B Procedure Types of plans Sarita is discussing in the above paragraph are: 1. Policy 2. Procedure

The correct options are
A
Policy

B
Procedure

Types of plans Sarita is discussing in the above paragraph are:

1. Policy

2. Procedure