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A Company Wants to Modify Its Existing Product in the Market Due to Decreasing Sales. You Can Imagine Any Product About Which You Are Familiar. What Decisions/Steps Should Each Level of Management - Business Studies

Answer in Brief

A company wants to modify its existing product in the market due to decreasing sales. You can imagine any product about  which you are familiar. What  Decisions/steps should each  level of management take to give effect to this decision?

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Solution

The decision taken at each step of management to increase the sales are:

• Top management: To study the product carefully, and to formulate policies to increase sales.

• Middle management: To interpret the policies formulated by the top management, to encourage the workers to achieve the goals and assign them duties. To coordinate among the division heads of various departments.

• Lower management: To ensure the quality of the product, to give periodic reports to the above levels of management, and to assign duties to the employees.

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NCERT Class 12 Business Studies Part 1 - Principles and Functions of Management
Chapter 1 Nature and Significance of Management
Long Answer | Q 5 | Page 29
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