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Business Studies · 2023 · 6 marks
CBSE 2023 · Region 2 · Set 1 · Q34
The Government of India in its budget for the financial year of 2021-22 reiterated its support for Electric Vehicle sector. The Government launched…
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
above.
(b)
State the remaining steps required to complete
the above process.
Marking-scheme solution
(a)
Planning
(b)
Remaining steps required to complete Planning
process:
(i)
Identifying alternative courses of action which may
be used to achieve the set objectives.
(ii)
Evaluating alternative courses of action involves
evaluating the positive and negative aspects of each
proposal in the light of the objective to be achieved.
(iii)
Selecting the best alternative is the real point of
decision making and involves selecting the best
possible course of action.
(iv)
Implementing the plan is the step where other
managerial functions also come into the picture.
(v)
Follow-up action involves monitoring whether
plans are being implemented and activities are
performed according to schedule.
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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.