Question : A business that produces a well-known toy brand has a solid market reputation. Production, Marketing, Finance, Human Resources, and Research and Development are all handled by various divisions. Recently, it has considered expanding into the production of a new line of electronic toys for which a new market is growing in order to capitalise on new commercial opportunities while also utilising its brand name. The organisational structure that the business should use.
Option 1: Functional structure
Option 2: Divisional structure
Option 3: Formal Organisation Structure
Option 4: Informal Organisation Structure
Correct Answer: Divisional structure
Solution : As the organisation looks to diversify into the production of a new line of toys, it should switch from a functional structure to a divisional structure. Access to the performance will be simple. Hence, the correct option is 2.
Answer laterQuestion : Delhi-based Zamato Ltd. produces electronics products. It deals in both laptops and mobile phones in addition to products like books, musical instruments, videotapes, etc. The business was organised functionally, with separate divisions for production, marketing, and finance. The products were being looked after by all the functional heads, while occasionally their tasks crossed over. Conflicts between departments and issues with cooperation resulted from this. Ramesh, the CEO of the company, chose to categorise laptops and mobile phones under "consumer electronics" and books, musical instruments, and videotapes under "Media" to facilitate specialisation. Ramesh has completed a step in the process of one of the managerial function while doing this. Identify the step.
Option 1: Identifying and dividing the work
Option 2: Departmentalisation
Option 3: Assignment of duties to job positions
Option 4: Estabilisation reporting relationships
Correct Answer: Departmentalisation
Solution : Departmentalization: Departmentalisation means a grouping of activities similar in nature a department. Hence, the correct option is 2.
Question : Case Study:
XYZ Corp. emphasizes understanding customer needs and designing products that satisfy those needs. They believe in continuous product improvement and customer-oriented marketing. This philosophy is aligned with:
Option 1: Societal Marketing Concept
Option 2: Selling Concept
Option 3: Product Concept
Option 4: Production Concept
Correct Answer: Product Concept
Solution : The correct answer is (c) Product Concept.
The Product Concept is a marketing philosophy that centers on creating high-quality products that meet or exceed customer expectations. It involves understanding customer needs and preferences and designing products that address those needs effectively. Additionally, the Product Concept emphasizes continuous product improvement to enhance customer satisfaction and maintain a competitive edge in the market. This approach places the product at the center of marketing efforts and aims to deliver superior value to customers through a focus on product quality, features, and benefits.
Question : Statement 1: Marketing concept aims to achieve customer satisfaction and long-term profitability.
Statement 2: Production concept prioritizes understanding customer preferences and needs.
Option 1: Both statements are correct.
Option 2: Statement 1 is correct, and statement 2 is false.
Option 3: Both statements are incorrect.
Option 4: Statement 2 is correct, and statement 1 is incorrect.
Correct Answer: Statement 1 is correct, and statement 2 is false.
Solution : The correct answer is (b) Statement 1 is correct, and statement 2 is false.
Statement 1 is correct. The marketing concept does aim to achieve customer satisfaction and long-term profitability. It involves understanding and meeting customer needs effectively to satisfy customers and ensure long-term business success and profitability.
Statement 2 is false. The production concept does not prioritize understanding customer preferences and needs. It is primarily concerned with efficient and cost-effective production processes to mass-produce standardized products, often without considering specific customer preferences.
Therefore, statement 1 is correct, and statement 2 is false.
Question : Comprehension:
Read the given passage and answer the questions that follow.
With an impressive growth in yields, Telangana now claims to be transforming into the rice bowl of India. The Food Corporation of India (FCl) has procured 52 lakh tonnes of paddy from Telangana alone, which is more than half of the national target of 91 lakh tonnes. The state's harvests have nearly doubled in a year. Paddy production is up 93%, maize 95%, and cotton 74%, according to the Telangana Planning Department.
The state is also making its mark as a producer of paddy seed. "About 85% of our village's paddy is of a fine variety that farmers in MP, Haryana, Bengal, and Bihar use as seed," said a farmer in Anksapur Village in Nizamabad district. The seed crop sells at a premium over the state's minimum support price for paddy.
Question:
Telangana's contribution to the national stock of paddy is:
Option 1: one-third of the country's procurement target
Option 2: more than half of the country's paddy procurement
Option 3: less than half of the nation's rice procurement
Option 4: half of the nation's procurement target
Correct Answer: more than half of the country's paddy procurement
Solution : The correct option is the second option.
Explanation:
Telangana's contribution to the national stock of paddy is stated in the passage as "The Food Corporation of India (FCI) has procured 52 lakh tonnes of paddy from Telangana alone, which is more than half of the national target of 91 lakh metric tonnes."
The passage explicitly mentions that procurement from Telangana alone constitutes more than half of the national target, clearly indicating that Telangana's contribution exceeds the halfway mark of the country's paddy procurement goal.
Therefore, the correct answer is, more than half of the country's paddy procurement.
Question : Assertion: The Green Revolution in India led to a significant increase in agricultural production.
Reason: The introduction of high-yielding crop varieties and modern farming techniques resulted in higher crop yields.
Option 1: Both the assertion and reason are true, and the reason is the correct explanation of the assertion.
Option 2: Both the assertion and reason are true, but the reason is not the correct explanation of the assertion.
Option 3: The assertion is true, but the reason is false.
Option 4: The assertion is false, but the reason is true.
Correct Answer: Both the assertion and reason are true, and the reason is the correct explanation of the assertion.
Solution : The correct answer is (a) Both the assertion and reason are true, and the reason is the correct explanation of the assertion.
The Green Revolution in India did lead to a significant increase in agricultural production, supporting the assertion. The introduction of high-yielding crop varieties, such as dwarf wheat and rice, along with the adoption of modern farming techniques, including the use of fertilizers and irrigation, resulted in higher crop yields. This led to a substantial increase in agricultural production, helping to address food shortages and improve food security in the country.
The reason provided correctly explains the assertion. The adoption of high-yielding crop varieties and modern farming techniques played a crucial role in increasing crop productivity and overall agricultural production. These advancements allowed farmers to obtain higher yields from their land and contribute to the overall increase in agricultural output during the Green Revolution.
Therefore, the correct answer is that both the assertion and reason are true, and the reason is the correct explanation of the assertion.
Question : Case Study:
A company believes that products should be widely available and affordable to attract customers. They prioritize production efficiency and distribution effectiveness. This philosophy reflects the:
Option 1: Marketing Concept
Option 2: Societal Marketing Concept
Option 3: Production Concept
Option 4: Product Concept
Correct Answer: Production Concept
Solution : The correct answer is (c) Production Concept.
The Production Concept is a marketing philosophy that emphasizes producing high-quality products at the lowest possible cost and making them widely available to customers. The primary focus is on production efficiency, streamlining operations, and reducing production costs to ensure that products are affordable and readily accessible to customers. This approach assumes that customers will favor products that are easily available and affordable, placing the emphasis on the production and distribution aspects of the business.
Question : Which function of marketing is highlighted in the given statement?
Statement: The need for it rises because there is a time gap between production and consumption of goods.
Option 1: Physical distribution
Option 2: Product designing and development
Option 3: Transportation
Option 4: Storage or warehousing
Correct Answer: Storage or warehousing
Solution : The need for storage and warehousing rises because there is a time gap between production and consumption of goods.This time gap maybe either due to irregular demand or due to irregular supply. The function of storage is performed by different agencies a chese manufacturers, wholesalers and retailers.
Hence, option D is correct.
Question : Case Study: ABC Pharmaceuticals adopts scientific management techniques to streamline its production process. Which technique involves analyzing and simplifying work processes to improve efficiency?
Option 1: Fatigue study
Option 2: Time study
Option 3: Method analysis
Option 4: Motion study
Correct Answer: Method analysis
Solution : The correct answer is (c) Method analysis.
Method analysis is a key component of scientific management, a management approach pioneered by Frederick Taylor in the early 20th century. It involves studying and analyzing each step of a work process to determine the most efficient way to perform the task. This includes examining the sequence of steps, tools and equipment used, and the movements involved in completing the task.
Question : Case Study 2:
ABC Furniture is a leading furniture manufacturer that faces intense competition in the market. The company wants to implement control systems to ensure the efficiency of its production process and maintain a competitive edge.
Question:
Why is controlling important for ABC Furniture?
Option 1: To increase employee turnover.
Option 2: To maintain a competitive edge.
Option 3: To reduce sales revenue.
Option 4: To avoid the planning process.
Correct Answer: To maintain a competitive edge.
Solution : The correct answer is (b) To maintain a competitive edge.
Controlling is important for ABC Furniture, as it helps the company monitor and manage its operations to ensure that they are running efficiently and effectively. In a highly competitive market, maintaining a competitive edge is crucial for the company's success. By implementing control systems, ABC Furniture can continuously assess its production process, quality standards, costs, and other aspects of its operations. This allows the company to identify areas for improvement, make necessary adjustments, and ensure that it remains efficient and capable of competing effectively against its rivals.
