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Question : Case Study 15:

LMN Ltd. is a manufacturing company that is heavily reliant on fossil fuels for its production processes. Due to increasing concerns about environmental sustainability, the company is facing pressure to adopt eco-friendly practices.

Q:- How can understanding the natural environment benefit LMN Ltd. in adopting eco-friendly practices?
 

 

 

Option 1: By reducing its production volume

Option 2: By increasing product prices

Option 3: By adopting renewable energy sources

 

Option 4: By diversifying into unrelated businesses

Team Careers360 27th Jan, 2024

Correct Answer: By adopting renewable energy sources

 


Solution : The correct answer is (C) By adopting renewable energy sources

Understanding the natural environment can benefit LMN Ltd. in adopting eco-friendly practices by enabling the company to adopt renewable energy sources. This approach can help reduce the company's reliance on fossil fuels and transition to more environmentally sustainable methods of energy production, which align with the principles of eco-friendliness and environmental conservation.

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Question : Sentences of a paragraph are given below in jumbled order. Arrange the sentences in the correct order to form a meaningful and coherent paragraph.
A. Expert designers standardise basic designs, leaving scope for the satisfaction of individual taste.
B. However, uniformity does not imply a lack of taste.
C. Mechanical production of goods leads to uniformity of design. are now accessible.
D. In fact, popular taste has improved because standardised goods of better design are now accessible.

Option 1: ADBC

Option 2: CBDA

Option 3: CDAB

Option 4: ACDB

Team Careers360 27th Jan, 2024

Correct Answer: CBDA


Solution : The correct choice will be the second option.

C. Mechanical production of goods leads to uniformity of design.
B. However, uniformity does not imply a lack of taste.
D. In fact, popular taste has improved because standardised goods of better design are now accessible.
A. Expert designers standardise basic designs, leaving scope for the satisfaction of individual taste.

Therefore, the correct answer will be CBDA.

5 Views

Question : Case Study:

XYZ Retail focuses on building strong relationships with its customers and delivering superior value. They prioritize customer satisfaction and long-term loyalty. What marketing concept is demonstrated by XYZ Retail?

 

Option 1: Production Concept

Option 2: Selling Concept

Option 3: Marketing Concept

Option 4: Societal Marketing Concept

Team Careers360 25th Jan, 2024

Correct Answer: Marketing Concept


Solution : The correct answer is (c) Marketing Concept

The marketing concept is centered around understanding and meeting customer needs and preferences, delivering superior value, and prioritizing customer satisfaction and long-term relationships. XYZ Retail's focus on building strong relationships with customers and emphasizing customer satisfaction and long-term loyalty aligns with the principles of the marketing concept.

 

100 Views

Question : Comprehension:

Read the following passage and answer the questions given after it.

The Indian Space Research Organisation (ISRO) announced another successful mission. ISRO chairman S. Somanath said that three small satellites successfully separated and were injected into orbit. ISRO launched three small satellites powered by its SSLV-D2 launch vehicle from Satish Dhawan Space Centre at Sriharikota on February 10, 2023, at 09:18 AM IST. The launch vehicle was carrying EOS-07, Janus-1 & AzaadiSAT-2 satellites and aimed to inject them into a 450 km circular orbit. The launch took place at the first launch pad at SDSC SHAR,
Sriharikota. The SSLV-D2 had to take a 15-minute flight to inject EOS-07, Janus-1, and AzaadiSAT-2 satellites into a 450 km circular lower orbit. “It is configured with three solid propulsion stages and a velocity terminal module. It is a 34 m tall, 2 m diameter vehicle having a lift-off mass of 120 t,” said ISRO. The EOS-07 satellite weighs 156.3 kg and is made by ISRO.

About 13 minutes into its flight, the SSLV rocket ejected EOS-07 and soon after that the other two satellites Janus-1 and AzaadiSAT-2 were ejected — all at an altitude of 450 km, said ISRO.

With the new rocket in its portfolio, ISRO will have three rockets — Polar Satellite Launch Vehicle (PSLV) and its variants (cost about Rs 200 crore), Geosynchronous Satellite Launch Vehicle (GSLV-MkII cost about Rs 272 crore and LVM3 Rs 434 crore) and SSLV (Development cost of three rockets about Rs 56 crore each) and production cost may go down later.

“New experiments include mm-Wave Humidity Sounder and Spectrum Monitoring Payload. Janus-1, a 10.2 kg satellite belongs to ANTARIS, USA. An 8.7 kg satellite AzaadiSAT-2 is a combined effort of about 750 girl students across India guided by Space Kidz India, Chennai,” it added.

SSLV caters to the launch of up to 500 kg satellites to Low Earth Orbits on a ‘launch-on-demand’ basis. “It provides low-cost access to Space, offers low turn-around time and flexibility in accommodating multiple satellites, and demands minimal launch infrastructure,” as per a statement by ISRO.

Question:

After reading the passage it can be inferred that it is

Option 1: a government release

Option 2: a news item

Option 3: a magazine article

Option 4: an editorial

Team Careers360 25th Jan, 2024

Correct Answer: a news item


Solution : The correct choice is the second option.

The language used is factual and objective, providing information about a recent event (the successful launch of three small satellites by ISRO) without expressing opinions or providing analysis. The use of quotes from ISRO officials and specific details about the launch supports the news-like structure of the passage.

9 Views

Question : Case Study: LMN Ventures - Financing Innovation and Research

LMN Ventures is a research-driven technology company aiming to innovate and develop cutting-edge products. The company is exploring various sources of business finance to support its research and development endeavors.

Questions : Business Finance and Research

What is the primary objective of financial planning for LMN Ventures in the context of innovation and research?

Option 1: Maximizing short-term profits
  

Option 2: Minimizing production costs
  

Option 3: Achieving long-term innovation goals

 

Option 4: Meeting immediate operational expenses

Team Careers360 25th Jan, 2024

Correct Answer: Achieving long-term innovation goals

 


Solution : The correct answer is (c) Achieving long-term innovation goals

Financial planning in the context of innovation and research involves strategic allocation of financial resources to support long-term innovation goals. This includes funding research projects, developing new products, exploring new technologies, and investing in activities that will position the company for future growth and competitiveness. The focus is on achieving sustained innovation and long-term success rather than short-term profit maximization, minimizing production costs, or meeting immediate operational expenses, although these factors are also considered within the broader financial planning strategy.

9 Views

Question : Statement 1: Marketing concept is customer-oriented and aims to satisfy customer needs.

Statement 2: Production concept focuses on minimizing production costs and maximizing profits.

Option 1: Both statements are correct.

Option 2: Statement 1 is correct, and statement 2 is false.

Option 3: Both statements are incorrect.

Option 4: Statement 2 is correct, and statement 1 is incorrect.

Team Careers360 25th Jan, 2024

Correct Answer: Both statements are correct.


Solution : The correct answer is (a) Both statements are correct.

Statement 1 is correct. The marketing concept is indeed customer-oriented and aims to satisfy customer needs. It involves understanding customer needs and wants and then developing strategies to meet those needs through the design, production, and promotion of products or services.

Statement 2 is also correct. The production concept does indeed focus on minimizing production costs and maximizing profits. This concept emphasizes efficiency in production processes to lower production costs and increase output, ultimately leading to higher profitability.

8 Views

Question : Case Study:

XYZ Corp. emphasizes understanding customer needs and designing products that satisfy those needs. They believe in continuous product improvement and customer-oriented marketing. This philosophy is aligned with:

 

Option 1: Societal Marketing Concept

Option 2: Selling Concept

Option 3: Product Concept

Option 4: Production Concept

Team Careers360 25th Jan, 2024

Correct Answer: Product Concept


Solution : The correct answer is (c) Product Concept.

The Product Concept is a marketing philosophy that centers on creating high-quality products that meet or exceed customer expectations. It involves understanding customer needs and preferences and designing products that address those needs effectively. Additionally, the Product Concept emphasizes continuous product improvement to enhance customer satisfaction and maintain a competitive edge in the market. This approach places the product at the center of marketing efforts and aims to deliver superior value to customers through a focus on product quality, features, and benefits.

 

21 Views

Question : Which of the following schemes adopts the One District One Product (ODOP) approach to reap the benefit of scale in terms of procurement of inputs, availing common services and marketing of products?

Option 1: Pradhan Mantri Kisan Sampada Yojana

Option 2: Micro and Small Enterprises Cluster Development Programme (MSE-CDP)

Option 3: Production Linked Incentive Scheme For Food Processing Industry (PLISFPI)

Option 4: Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME)

Team Careers360 25th Jan, 2024

Correct Answer: Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME)


Solution : The correct answer is Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME).

The Ministry of Food Processing Industries, as part of the Atmanirbhar Bharat Abhiyan, has launched the "PM Formalisation of Micro Food Processing Enterprises (PMFME) Scheme". This centrally sponsored initiative aims to provide financial, technical and, business support to upgrade existing micro-food processing enterprises. Following the One District, One Product (ODOP) approach, the scheme focuses on enhancing value chains, aligning support infrastructure, and building capacity for two lakh microenterprises across 707 districts in 35 states and UTs.

12 Views

Question : Case Study: UVW Industries - Sustainable Financing for Green Initiatives

UVW Industries is a company committed to sustainable practices and is undertaking environmentally friendly initiatives. The company is exploring various sources of business finance to support its green projects.

Questions : Business Finance and Sustainability

How can financial planning facilitate UVW Industries' sustainable initiatives?

Option 1: By reducing company workforce
   

Option 2: By allocating funds effectively for green projects
  

Option 3: By increasing production costs

   

Option 4: By investing in unrelated ventures

Team Careers360 24th Jan, 2024

Correct Answer: By allocating funds effectively for green projects
  


Solution : The correct answer is (b) By allocating funds effectively for green projects

Financial planning involves allocating financial resources in a strategic manner to support the company's objectives and initiatives. In the context of sustainability, UVW Industries can allocate funds specifically for green projects that align with their sustainable initiatives. This includes budgeting and financial forecasting to ensure that adequate funds are set aside for research, development, implementation, and maintenance of eco-friendly practices and projects.

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