Group 8 by Business Studies

aarushimehta0623 — 2024-08-21 18:30:38 UTC

Q1. Isha Machines was a renowned name for quality sewing machines since 1960. Mr Suresh, the owner of Isha Machines was worried as the production had declined during the last three months. He directed the production Manager to find out the reason. The production Manager ordered the different supervisors to prepare a performance report of the workers working under them.

Identify the step taken by the production Manager that is related to one of the functions of Management. [1]

aarushimehta0623 — 2024-08-21 18:30:38 UTC

Q2. Himanshu is working as a ‘Marketing Manager' in 'Suvidit- Air-Conditioners', a well known brand in the field of air-conditioners. Till last month the company was able to achieve its sales targets. But this month Himanshu observed that targets were not being met and the number of air-conditioners sold was decreasing. He analysed the situation and found that the new salesman appointed last month was not good and for this he took necessary action.

Name the function of management that helped Himanshu identify the decrease in sales. [1]

aarushimehta0623 — 2024-08-21 18:30:38 UTC

Q3. Piyush is the Production Manager of a shoe company called 'Comforty'. He has 1000 workers working under him in his department. Piyush booked a special order for 300 pairs of gents shoes at an estimated cost price of ₹500 per pair plus 20% profit margin. The order is to be completed within 10 days. Áfter completion of the order, Piyush found out that the production cost of one pair of shoes was ₹600. He tried to find out the reason, but he couldn't. He reported it to the Chief Executive Officer. The Chief Executive Officer appointed Abhay to find out the cause. Abhay was not only a specialized Cost Accountant, but also a qualified Human Resource Manager. After two days, Abhay reported that the set targets could be completed with the help of only 800 workers, which revealed that there was overmanning in the organisation. The organization was not utilizing the human resources optimally, which had led to higher labour cost.

The above case highlights one of the points of importance of an important function of management.

(i)Identify the function of management.

(ii) State any two points of importance of the function of management identified in part (i), except the one discussed in the above case. [3]

aarushimehta0623 — 2024-08-22 06:59:31 UTC