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?

Question

Option 1: Measurement of actual performance

Option 2: Comparing actual performance with standards

Option 3: Analysing deviations

Option 4: Taking Corrective action

AfterBoards · Accepted Answer

The answer is 'Taking Corrective action'. View full solution:

CUET Business Studies 2023 29 May Shift 2 PYQs

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