Target Exam

CUET

Subject

Business Studies

Chapter

Planning

Question:

Based on the case study given below, answer the questions.

Calculus limited had been taken over by Radha Group immediately following India’s independence. Since then it enjoys a rich record of industry presence and experience. In 2005, with the aim to accelerate growth the company had gone through several rounds of meetings and discussions before launching ERP system to attract large projects. The management had done effective forecast and critical thinking regarding allocation resources to reduce wastage. For this purpose the company had laid down multiple courses of action to meet the challenge of adverse situations. In 2008, the company suffered loss in many projects due to the great recession despite taking many cost cutting measures. The management had taken utmost care regarding the possible outcome and timely review of the plans to achieve the set target during that hard time. In 2010 the system implemented successfully which subsequently helped the company to execute numerous projects with precision and timeliness.

“In 2005, with the aim to accelerate growth the company had gone through several rounds of Meetings and discussions.”

Which of the following is the objective mentioned here?

Options:

Developing Premises

Growth & development

Launching IT enabled system

Cost cutting

Correct Answer:

Growth & development

Explanation:

The correct answer is option 2- Growth & development.

The objective mentioned in the given case study for the process in 2005 is "Growth & development."

The company aimed to accelerate growth, and the discussions and meetings were conducted to facilitate this objective.