Read the following Case Study and answer the question.

Aryan is a CEO of RS Infotech Ltd., which is a company working in the technology sector for the last 55 years. The company is doing very well in this sector and now has a growth plan of entering into cosmetics market.

Keeping in view the changing tastes and preferences Of customers, it is planning to enter into organic products market.

The company targets to achieve 20% of market share in the first 2 years of its entry.

For financial issues, Aryan consulted his chief finance officer, Raj and found that it requires 50 crores of additional capital for setting up a separate cosmetics division.

The Company plans to arrange this money by issuing equity shares in the market but it lacks sufficient cash to bear the floatation cost and hence planned to approach the financial market for the same.

To which level of management, Aryan and Raj belongs to ?

Top Level

The correct answer is option (1) : Top Level

The top level of management consists of the executives and senior leadership responsible for making strategic decisions and setting the overall direction of the company.

Aryan, as the CEO, is responsible for the overall management and strategic planning of RS lnfotech, including the decision to diversify into the cosmetics market and the financial considerations related to this expansion.

Raj, as the Chief Finance Officer, is part of the top management team, providing financial expertise and guidance to the CEO and the board of directors. Their roles involve making high-level strategic decisions that impact the long-term success and growth of the company.