Target Exam

CUET

Subject

Business Studies

Chapter

Planning

Question:

Read the passage carefully and answer the following question.

Planning at GreenTech Solutions

GreenTech Solutions, a renewable energy startup, wanted to expand its operations into the solar panel market. To achieve this, the management developed a structured planning process using different types of plans.
The company set a five-year goal to become the top solar panel provider in the region. This included a mission to promote sustainable energy and reduce carbon footprints.

To support the strategic goal, the company devised a plan to establish partnerships with suppliers and secure contracts with government and private organizations for solar installations.

The production team outlined daily and weekly targets for manufacturing solar panels, ensuring quality control and timely delivery. The management prepared for potential risks like raw material shortages by securing multiple suppliers and maintaining a reserve inventory.

A detailed budget was created, allocating resources for manufacturing, marketing, and R&D to ensure cost efficiency.
By aligning all types of plans, GreenTech Solutions successfully launched its solar panels, captured a significant market share, and established itself as a leader in the renewable energy sector within three years.

What is the primary focus of GreenTech's strategic plan?

Options:

Daily production

Regional market leadership

Employee training

Cost-cutting

Correct Answer:

Regional market leadership

Explanation:

The correct answer is Option (2) → Regional market leadership.

The primary focus of GreenTech's strategic plan is to get regional market leadership.

The passage states "The company set a five-year goal to become the top solar panel provider in the region." This directly indicates the primary focus of their strategic plan. Therefore, the correct answer is Regional market leadership.