A company has replaced their obsolete machinery with a Hi-Tech machine as it could not achieve its target in the previous month due to slow production process. Which step in the process of controlling is executed by the company?
A company has replaced their obsolete machinery with a Hi-Tech machine as it could not achieve its target in the previous month due to slow production process. Which step in the process of controlling is executed by the company?
Solution
✅ Correct Option: 4
Replacing obsolete machinery with a Hi-Tech machine to address slow production is Taking Corrective Action. This is the final step of controlling where management takes remedial measures to correct deviations from standards.
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