Easy

In order to cope with the competitors, market leader Maruti adopted new technologies for manufacturing their recent models. Which type of plan is highlighted in the above statement?

Policy

Strategy

Programme

Objective

✅ Correct Option: 2

Option 1 -> Policy is a general guideline that provides a framework for decision-making and defines boundaries for managerial actions, not a competitive response plan. Option 2 -> Strategy is a comprehensive plan of action designed to achieve long-term goals and deal with competitive challenges. Adopting new technologies to cope with competitors represents a strategic move. Option 3 -> Programme is a detailed plan with specific activities, timelines, and resources to implement decisions, more operational in nature than strategic positioning. Option 4 -> Objective is a specific target or goal to be achieved, not the method or approach used to deal with competition. Hence, Option 2: Strategy -> Maruti's adoption of new technologies to cope with competitors is a strategic plan because it represents a comprehensive competitive response aimed at maintaining market leadership position. Strategy specifically deals with how organizations respond to external competitive pressures and position themselves in the market for long-term success. -> correct

2025: 15 May Shift 2

The Limitations of Planning are:

(A) It reduces creativity

(B) It works in a dynamic environment.

(D) It is time-consuming

Choose the correct answer from the options given below:

2025: 24 May Shift 1

Identify the correct statements in the context of the planning.

(A) Planning will be a futile exercise if it is not acted upon or implemented.

(B) Planning implies a process which coordinates human efforts and assembles resources.

(D) Planning is what managers at all levels do.

Choose the correct answer from the options given below:

2022: 15 July Shift 2

Amrit Lala, MD of Awasthi Ltd, retired after 33 years of service. The responsibility was given to Amit. Amit realized that there was lot of rivalry, confusion and misunderstanding among departmental heads. He detected inefficiencies, took corrective action and developed a master plan for the organisation to follow. This served as basis for coordinating the activities of all the departments, led to clarity of thought and action and the work got a smooth start.

Identify the importance of planning highlighted in the above paragraph.

2026: 11 May Shift 1

The correct characteristic feature of Planning is :

2025: 13 May Shift 2

Arrange the following steps of a company's planning process in the correct sequence.

(A) Develop premises

(B) Set objectives

(D) Implement the plan

Choose the correct answer from the options given below:

2026: 13 May Shift 1

Dravid worked in the advertising unit of Disha Ltd. He is being assigned the task of planning an innovative advertising campaign for their upcoming product designed for youngsters. The sequence of steps he would undertake would be:

(A) He is required to make certain assumptions about the future.

(B) He would set objectives or goals to specify what the organization wants to achieve.

(D) All the alternative courses of action will be identified and evaluated.

Choose the correct answer from the options given below:

In order to cope with the competitors, market leader Maruti adopted new technologies for manufacturing their recent models. Which type of plan is highlighted in the above statement?

Solution

Related questions:

Keyboard Shortcuts

CUET Business Studies Past Year Questions (Topic-Wise)