Practicing Success
Practicing Success
CUET Preparation Today
| Consider the following scenario: A business has concentrated on producing goods with fewer resources i.e. cutting down cost. As a result, the target production is not achieved. Consequently, the goods do not reach the market and hence the demand for them declines and competitors enter the market. In this regard which of the following is correct: |
This is a case of being efficient but not effective since the goods did not reach the market. This is a case of being effective but not efficient since the goods did not reach the market. This is a case of ineffective and inefficient management. None of the above |
| This is a case of being efficient but not effective since the goods did not reach the market. |
| At times, a business may con centrate more on producing goods with fewer resources i.e., cutting down cost but not achieving the target production. Consequently, the goods do not reach the market and hence the demand for them declines and competitors enter the market. This is a case of being efficient but not effective since the goods did not reach the market. |
