Question : Assertion: Effective management can lead to a competitive advantage for an organization.
Reason: It helps in delivering products and services more efficiently than competitors.
Option 1: Both assertion and reason are correct, and the reason explains the assertion.
Option 2: Both assertion and reason are incorrect.
Option 3: The assertion is correct, but the reason is incorrect.
Option 4: The assertion is incorrect, but the reason is correct.
Option 5: Both assertion and reason are correct, and the reason is not the correct explanation of the assertion.
Correct Answer:
Both assertion and reason are correct, and the reason explains the assertion.
Solution : The correct answer is (a) Both assertion and reason are correct, and the reason explains the assertion.
The assertion is correct. Effective management practices, including strategic planning, efficient operations, and leadership, can help an organization outperform its competitors.
The reason is also correct and effectively explains the assertion. One of the ways effective management can lead to a competitive advantage is by enabling an organization to deliver products and services more efficiently, which can be a key factor in gaining a competitive edge.