A company ‘M’ limited is manufacturing mobile phones both for domestic Indian market as well as for export. It had enjoyed a substantial market share and also had a loyal customer following. But lately it has been experiencing problems because its targets have not been met with regard to sales and customer satisfaction. Also mobile market in India has grown tremendously and new players have come with better technology and pricing. This is causing problems for the company. It is planning to revamp its controlling system and take other steps necessary to rectify the problems it is facing.
a. Identify the benefits the company will derive from a good control system.
b. How can the company relate its planning with control in this line of business to ensure that its plans are actually implemented and targets attained.
c. Give the steps in the control process that the company should follow to remove the problems it is facing.
a. Identify the benefits the company will derive from a good control system.
ANS. When company starts following a good control on operations, it leads to certain benefits which are:
b. How can the company relate its planning with control in this line of business to ensure that its plans are actually implemented and targets attained.
ANS. Company relates its planning with control in this line of business by implementing effective control system. This will help in two aspects: planning makes controlling effective and efficient, whereas, controlling improves future planning because it is like a post-mortem of past activities to find out deviations from the standards and in orders to ensure that its plans are actually implemented and targets are attained.
They will take the help from controlling process as it is a systematic process and it leads to various benefits. The process of controlling involves:
c. Give the steps in the control process that the company should follow to remove the problems it is facing.
ANS. The company should follow these steps in a systematic manner:
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Welcome to the NCERT Solutions for Class 12 Business Studies - Chapter . This page offers a step-by-step solution to the specific question from Excercise 3 , Question 5: A company ‘M’ limited is manufacturing mobile phones both for domestic Indian market as ....
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