Question

Ashutosh Goenka was working in ‘Axe Ltd.,’ a company manufacturing air purifier. He found that the profits had started declining from the last six months. Profit has an implication for the survival of the firm, so he analysed the business environment to find out the reasons for this decline.

1. What are the primary functions performed by Ashutosh Goenka at the level where he is working?  (1)
2. State two other functions being performed by Ashutosh Goenka.  (2)
3. “He found that the profits had started declining from the last six months.” Enlist the steps performed by the managers under the function of management which helps in finding the results.   (3)
4. “so he analysed the business environment to find out the reasons for this decline.” Analysing the business environment and setting the objectives requires making certain assumptions. What are these assumptions referred as? State the next step after deciding these assumptions.   (2)

Answer 1

1. Planning and Controlling
2. Organising and Directing
3. Steps of Controlling process
4. Planning premises; Discovering alternative courses of action.