Bhavan Ltd. is a garment manufacturing company, the company regularly scan the business environment and constantly adapts itself to the changes in the environment. With all these efforts also it became difficult for the company to foresee future trends. Competition in the market effects the financial plan of the company, sales targets have to revise which in turn effect the cash budget. Identify the types of plans in the paragraph.

Budget

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Method

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Policy

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Strategy

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct options are
A
Budget

D
Strategy

Strategy is a comprehensive plan to achieve organisational objectives.

Budget is a statement of expected result expressed in numerical terms.

Suggest Corrections

Similar questions

Q. Bhuvan Ltd is a garment manufacturing company, the company regularly scan business environment and constantly adapts itself to the changes in environment. With all these efforts also it became difficult for company to foresee future trends. Competition in the market effects the financial plan of the company, sales targets have to be revised which in turn effect the cash budget.
(i) Name and explain the limitation of planning highlighted in the above para
(ii) Identify the two types of plans mentioned in above para

Q. A company ‘M’ limited is manufacturing mobile phones both for domestic Indian market as well as for export. It had enjoyed a substantial market share and also had a loyal customer following. But lately it has been experiencing problems because its targets have not been met with regard to sales and customer satisfaction. Also mobile market in India has grown tremendously and new players have come with better technology and pricing. This is causing problems for the company. It is planning to revamp its controlling system and take other steps necessary to rectify the problems it is facing.

Questions

1. Identify the benefits the company will derive from a good control system.

2. How can the company relate its planning with control in this line of business to ensure that its plans are actually implemented and targets attained.

3. Give the steps in the control process that the company should follow to remove the problems it is facing.

4. What techniques of control can the company use? In all the answers keep in mind the sector of business the company is in.

Q. A company 'M' Ltd. is manufacturing mobile phones both for domestic Indian market as well as for export. It had enjoyed a substantial market share and also had a loyal customer following. But lately it has been experiencing problems because its targets have not been met with regard to sales and customer satisfaction. Also mobile market in India has grown tremendously and new player have come with better technology and pricing. This is causing problems for the company. It is planning to revamp its controlling system and take other steps necessary to rectify the problems it is facing. [NCERT]
(a) Identify the benefits the company will derive from a good control system.
(b) How can the company relate its planning with control in this line of business to ensure that its plans are actually implemented and targets attained?
(c) Give the steps in the control process that the company should follow to remove the problems it is facing.

A company M Ltd. is manufacturing mobile phones both for the domestic Indian market as well as for export. It had enjoyed a substantial market share and also had a loyal customer following. But lately, it has been experiencing problems because its targets have not been met with regard to sales and customer satisfaction.

Also, the mobile market in India has grown tremendously and new players have come with better technology and pricing. This is causing problems for the company. It is planning to revamp its controlling system and take other steps necessary to rectify the problems it is facing.

How can the company relate its planning with control in this line of business to ensure that its plans are actually implemented and targets attained?

Q. A Company AB Let started a New plant for manufacturing solar based Motor Bikes in India. India is highly competitive and has cost-effective production base in this sector. AB Ltd. is planning to capture 30% of the market in India and also aims to Export Motor Bikes worth Rs. 5 crore in next two years. To achieve these targets, it requires highly trained and motivated work force. Mr.X is appointed by the company to advise in this matter
(i) Briefly explain the process of staffing which the company has to follow.
(ii) Identify the value followed by the Company.

Join BYJU'S Learning Program

The correct options are A Budget D Strategy Strategy is a comprehensive plan to achieve organisational objectives. Budget is a statement of expected result expressed in numerical terms.

The correct options are
A
Budget

D
Strategy

Strategy is a comprehensive plan to achieve organisational objectives.

Budget is a statement of expected result expressed in numerical terms.