Correct Answer: By optimizing resource utilization.

Solution : The correct answer is (c) By optimizing resource utilization.

An effective control system can help EFG Manufacturing optimize its operations and resource utilization. Control systems enable businesses to monitor and manage their processes, performance, and activities. By having a robust control system in place, EFG Manufacturing can identify inefficiencies, deviations, and areas for improvement within its production processes.

Optimizing resource utilization is one of the key benefits of effective control systems. It allows the company to use its resources (such as materials, labor, machinery, and time) more efficiently, leading to cost savings and improved productivity.

Correct Answer: Marketing Concept

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

The Marketing Concept is a customer-centric philosophy that focuses on understanding and meeting customer needs and wants. It involves delivering superior value to customers to achieve customer satisfaction and, in turn, gain long-term customer loyalty. This approach aims to create a strong customer orientation throughout the organization, where the primary goal is to provide products or services that address customer needs and preferences effectively, ultimately leading to business success.

Correct Answer: Both statements are correct.

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

Statement 1 is correct. The marketing concept indeed emphasizes delivering customer value and building customer relationships. It involves understanding customer needs and preferences, creating products or services that satisfy those needs, and building strong relationships with customers to ensure their loyalty and satisfaction.

Statement 2 is also  correct. The production concept does focus on generating short-term profits through mass production. This concept centers on maximizing production efficiency and output, often by mass-producing standardized products, to reduce production costs and, consequently, increase short-term profits.

Both statements accurately describe their respective marketing concepts.

Correct Answer: Statement 1 is correct, and statement 2 is false.

Solution : The correct answer is (b) Statement 1 is correct, and statement 2 is false.

Statement 1 is correct. The marketing concept does indeed focus on creating value for customers and building customer loyalty. It involves understanding customer needs and preferences, designing products or services that fulfill those needs, and delivering value to customers to establish and maintain long-term relationships.

Statement 2 is false. The production concept does not emphasize understanding customer preferences and needs. It centers on efficient and cost-effective production processes to mass-produce standardized products.

Correct Answer: Marketing Concept

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

The Marketing Concept is a customer-centric approach that centers on understanding and meeting customer needs and wants effectively. It emphasizes building long-term relationships with customers by delivering superior value and customer satisfaction. The primary focus is on understanding customer preferences, creating products or services that address those preferences, and ensuring that customers perceive value in what is offered. The ultimate goal is to satisfy customers while achieving the company's objectives through value creation and strong customer relationships.

Correct Answer: Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)

Solution : The initiative known as the "White Revolution" was started by Operation Flood. By removing the intermediaries, it established a national milk grid that connected farmers all across India to consumers in more than 700 towns and cities, decreasing seasonal and regional price differences while ensuring that farmers receive a significant portion of the profits.
India ranks first in the world in milk production due to the "White Revolution".
Hence option a is the correct answer.
 

Correct Answer: Production manager

Solution : Middle level consists of heads of different functional department like  department manager ,production manager, etc.Production manager is included in the middle level.

Hence, Option D is correct.

Correct Answer: Financial planning

Solution : The correct answer is (c) Financial planning

Financial planning entails determining the company's financial goals and objectives and devising strategies to achieve them. Selecting the right sources of funds is a crucial aspect of financial planning, as it involves evaluating and choosing the most suitable options for obtaining the necessary funds to support the business's operations, growth, and expansion. This decision is essential for ensuring the financial health and sustainability of the company.

Correct Answer: Transportation

Solution : Transportation implies physical movement of goods from one place to the other. Transportation fills this gap by carrying goods from place of production to place of consumption. Transportation includes decisions like choice of mode of transportation and other related aspects.

Hence, option D is correct.

Correct Answer: Fifth

Solution : The correct answer is Fifth.

Among other goals, the Fifth Five-Year Plan in India prioritised agricultural production, employment generation and Garibi Hatao. Ending poverty, increasing employment rates and achieving self-reliance were the main objectives of the Fifth Five-Year Plan.