CBSE 2023 · Region 2 · Set 1 · Q34

The Government of India in its budget for the

financial year of $\displaystyle 2021$-$\displaystyle 22$ reiterated its support for

Electric Vehicle sector. The Government launched

several schemes and incentives to boost their demand

as well as to motivate manufacturers to invest in the

same. Inspired by these incentives and concerned

about the environmental impact of gas and

diesel-powered engines, Nitin Kothari has set up an

electric car manufacturing unit at Bhilwara. He set a

target of earning Return On Investment of $\displaystyle 10$% in

the first year itself and forecasted that the demand

for electric cars will increase by $\displaystyle 20$ million in the

next few years.

The above case highlights the first two steps of the

process of one of the important functions of

management.

(a)

Identify the function of management discussed

(a)

above.

(b)

State the remaining steps required to complete

(b)

the above process.