Test Ch 1 and Ch 3 BST
1. Ashutosh Goenka was working in ‘Axe Ltd.’, a company manufacturing air purifiers. He found that the profits has 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. Identify the level of management at which Ashutosh Goenka was working. State three other functions being performed by Ashutosh Goenka. 2. Mega Ltd. manufactured water-heaters. In the first year of its operations, the revenue earned by the company was just sufficient to meet its costs. To increase the revenue, the company analysed the reasons behind the less revenues. After analysis, the company decided: to reduce the labour costs by shifting the manufacturing unit to a backward area where labour was available at a very low rate. to start manufacturing solar water-heaters and reduce the production of electric water- heaters slowly. This will not only help in covering the risks ...
