Question : A company is manufacturing garments. The manager wants to increase profit by purchasing new high speed machine or increasing the sale price or using waste material in manufacturing stuffed toys. Identify the step of planning process?
Option 1: Developing premises
Option 2: Evaluating the alternative course of action
Option 3: Selecting an alternative
Option 4: Identifying alternative courses of action
Correct Answer: Identifying alternative courses of action
Solution :
After setting up of objective, the manager make a list of alternatives through which the organisation can achieve its objective as there can be many ways to achieve the objective and manager must know all the ways to reach the objectives. In the above case, The manager wants to increase profit by purchasing new high speed machine or increasing the sale price or using waste material in manufacturing stuffed toys. This lines shows Identifying alternative courses of action
Hence, option 4 is the correct answer.
