Mohan, a handicraft company owner, invested a lot in inventories which eventually lead to huge costs and very less income. What challenge is he facing here?

Managerial skill

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

Technology

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

Low quality raw material

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

Labour

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

Open in App

Solution

The correct option is A
Managerial skill

In this context, Mohan, doesn't have the required managerial skills and he lacks enough funds to recruit a separate manager. This leads to bad decision making and incurring huge costs.

Suggest Corrections

Similar questions

A man invests ₹60,000 in shares of a company which pays 12 % dividend at a time when a ₹100 share costs ₹120. Find :-

a) Number of shares he bought.

b) the annual income from his shares.

Join BYJU'S Learning Program