12th Class Business Studies Planning Question Bank Case Based MCQs - Planning

  • question_answer
    Direction (11-15):  Read the following text and answer question numbers 11-15 on the basis of the same.
    Simplex Limited had been taken over by Mundhra Group immediately following India's independence. Since then it enjoys a rich record of industry presence and experience. In 2005, with the aim to accelerate growth, the company had gone through several rounds of meeting and discussion before launching ERP system to attract large projects. The management had done effective forecast and critical thinking regarding allocation resources to reduce wastage. For this purpose, the company had laid down multiple courses of action to meet the challenge of adverse situations. In 2008, the company suffered loss in many projects due to the great recession despite taking many cost cutting measures. The management had taken utmost care regarding the possible outcome and timely review of the plans to achieve the set target during that hard time. In 2010, the system implemented successfully which subsequently helped the company to execute numerous projects with precision and timeliness.                    (CBSE QB 2021)
    "In 2005, with the aim to accelerate growth the company had gone through several rounds of meeting and discussion." What is the objective mentioned here according to the process stated here?

    A) Developing premises

    B) Growth and development

    C) Launching IT enabled system

    D) Cost cutting

    Correct Answer: B

    Solution :

    [b]


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