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Business Studies · 2024 · 4 marks

CBSE 2024 · Region 4 · Set 1 · Q27

‘Shanta Enterprises’ was in the business of manufacturing solar panels
for the last fifteen years. With their expertise now they were able to
manufacture good quality solar panels at lower cost. As a result ‘Shanta
Enterprises’ was flooded with orders and was able to generate a good
profit margin.
To motivate the employees the company decided to compensate some
of them for their hard work. Arvind and Yogesh, who were working on
contract basis, were absorbed permanently in the company. Both were
happy as now there was stability about their future income. Ekta, a
regular employee of the company, working as Research and Development
Head, was awarded the ‘Best Employee of the year Award’.
(a)
Identify and explain the incentives given by Shanta Enterprises to
its employees.
(b)
State the needs of the employees being met by such incentives as per
Maslow’s Need Hierarchy Theory.

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