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Business Studies · 2023 · 3 marks
CBSE 2023 · Region 1 · Set 1 · Q21
Hitesh is the Chief Executive Officer of ‘Kids Garments Ltd.’ Due to festive season, Hitesh got an additional order of 10,000 garments which he had…
Hitesh is the Chief Executive Officer of ‘Kids
Garments Ltd.’ Due to festive season, Hitesh got an
additional order of $\displaystyle 10,000$ garments which he had to
supply within two days. Due to his goodwill in the
market, he did not want to lose the order, So, he decided
to achieve the target by operating on double shifts. He
achieved the target and supplied the order within two
days. But due to double shifts, his cost of production was
higher than the regular production cost.
Identify and give the meaning of the two concepts of
management discussed in the above para.
Marking-scheme solution
Efficiency and Effectiveness
Efficiency means doing the task correctly and with
minimum cost.
Effectiveness is concerned with doing the right task,
completing activities and achieving goals.
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CBSE Class 12 Business Studies past-paper question from the 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.