Target Exam

CUET

Subject

Business Studies

Chapter

Planning

Question:

The government has been doubling down on its efforts to switch to 100% electric vehicles by 2030. Many companies such as Tata Motors, Kinetic Motors, Maruti Suzuki and Hyundai Motors are all readying their EV models for a 2020 launch in order to support the plan. Identify the type of plan being described in the above lines.

Options:

Method

Strategy

Programme

Objective

Correct Answer:

Strategy

Explanation:

The correct answer is option 2 i.e. Strategy.

The passage is describing a strategy. The government's plan to switch to 100% electric vehicles by 2030 and the efforts of companies like Tata Motors, Kinetic Motors, Maruti Suzuki, and Hyundai Motors to launch EV models in 2020 are part of a strategic approach to support the larger goal.

A strategy provides the broad contours of an organization’s business. It will also refer to future decisions defining the organisations' direction and scope in the long run. Thus, we can say a strategy is a comprehensive plan for accomplishing an organisation's objectives. This comprehensive plan will include three dimensions-
(i) determining long-term objectives
(ii) adopting a particular course of action,
(iii) allocating resources necessary to achieve the objective.