Question

X Ltd. was manufacturing water heaters. In the first year of its operations, the revenue earned by the company is less. The company analysed the reasons of less revenue. After analysing the company decided:
(a) to reduce the labour cost by shifting the manufacturing unit to a backward area where labour was available at a very reasonable rate.
(b) to start manufacturing solar water heaters and reduce production of electric water heaters slowly.
(i) Which functions of management are indicated here?
(ii) Which dimension of business environment is applied here?
(iii) State any two values which the company wanted to communicate to the society.

Answer 1

(b) (i) Planning & Controlling (ii) Social