Easy

Planning at GreenTech Solutions GreenTech Solutions, a renewable energy startup, wanted to expand its operations into the solar panel market. To achieve this, the management developed a structured planning process using different types of plans. The company set a five-year goal to become the top solar panel provider in the region. This included a mission to promote sustainable energy and reduce carbon footprints. To support the strategic goal, the company devised a plan to establish partnerships with suppliers and secure contracts with government and private organizations for solar installations. The production team outlined daily and weekly targets for manufacturing solar panels, ensuring quality control and timely delivery. The management prepared for potential risks like raw material shortages by securing multiple suppliers and maintaining a reserve inventory. A detailed budget was created, allocating resources for manufacturing, marketing, and R&D to ensure cost efficiency. By aligning all types of plans, GreenTech Solutions successfully launched its solar panels, captured a significant market share, and established itself as a leader in the renewable energy sector within three years.

What does the operational plan address?

Daily and weekly targets

Emergency scenarios

Marketing strategies

Long-term goals

✅ Correct Option: 1

Option 1 -> Operational plans focus on short-term, day-to-day activities including daily and weekly targets to achieve immediate objectives. Option 2 -> Emergency scenarios are typically addressed by contingency plans or crisis management plans, not operational plans. Option 3 -> Marketing strategies are part of marketing plans or strategic plans, not the primary focus of operational plans. Option 4 -> Long-term goals are addressed by strategic plans, whereas operational plans deal with short-term execution. Hence, Option 1: Daily and weekly targets -> Operational plans are designed to manage routine business operations and focus on short-term objectives, specifically addressing daily and weekly targets, resource allocation, and immediate tasks needed to support tactical and strategic goals -> correct

Question 41

Identify the type of plan not highlighted in the case.

Question 42

What is the primary focus of GreenTech's strategic plan?

Question 43

"The production team outlined daily and weekly targets for manufacturing solar panels, ensuring quality control and timely delivery". Identify the type of plan highlighted in these lines.

Question 45

What was the result of the planning process?

What does the operational plan address?

Solution

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CUET Business Studies Past Year Questions (Topic-Wise)