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Question : Case Study:

XYZ Fashion Retail offers a limited-time discount on its clothing line to celebrate its anniversary. Which sales promotion technique is being used here?

 

Option 1: Samples

 

Option 2: Premiums

Option 3: Discounts

Option 4: Point-of-Purchase Displays

Team Careers360 24th Jan, 2024

Correct Answer: Discounts


Solution : The correct answer is (c) Discounts. 

A discount involves reducing the price of a product or service for a specific period to stimulate sales. In this case, offering a limited-time discount on its clothing line to celebrate its anniversary is an example of a discount promotion aimed at attracting customers and encouraging purchases during the celebration period. Samples, premiums, and point-of-purchase displays are different types of sales promotion techniques that involve distinct incentives or displays.

 

13 Views

Question : Case Study: ABC Retail Corporation aims to improve efficiency by optimizing work methods and eliminating unnecessary actions. Which scientific management technique is appropriate for this purpose?

 

Option 1: Time study

Option 2: Motion study

Option 3: Method analysis

Option 4: Fatigue study

Team Careers360 22nd Jan, 2024

Correct Answer: Method analysis


Solution : The correct answer is (c) Method analysis.

Method analysis involves analyzing and studying each step of a work process to determine the most efficient and effective way to perform a task. This technique aims to streamline work methods, eliminate unnecessary actions, and find the best sequence of steps to enhance productivity and efficiency.

 

19 Views

Question : Case Study: XYZ Retail Company believes in providing clear and precise instructions to its employees to streamline operations. This aligns with which principle of management?

 

Option 1: Unity of direction

Option 2: Scalar chain

Option 3: Order

Option 4: Unity of command

Team Careers360 19th Jan, 2024

Correct Answer: Order


Solution : The correct answer is (c) Order

The principle of "Order" in management emphasizes organizing and structuring the workplace to provide clear and precise instructions to employees. It involves arranging resources and activities in a systematic manner to ensure efficiency and effectiveness in operations. XYZ Retail Company's belief in providing clear and precise instructions to its employees aligns with the principle of order, aiming to streamline operations and create a well-organized work environment.

18 Views

Question : Case Study: ABC Retail Chain

ABC Retail Chain is a popular brand with multiple stores across the country. They are planning to expand their product range by adding organic and eco-friendly products.

Question:

The importance of planning for ABC Retail Chain in expanding their product range includes:

Option 1: Enhancing the decision-making process
    

Option 2: Limiting financial resources
 

Option 3: Ignoring external factors

 

Option 4: Restricting employee autonomy

Team Careers360 24th Jan, 2024

Correct Answer: Enhancing the decision-making process
    


Solution : The correct answer is (a) Enhancing the decision-making process

Planning is crucial for making informed and effective decisions. In the context of expanding the product range, planning helps ABC Retail Chain analyze market trends, consumer preferences, and competitive landscapes. It enables them to make strategic decisions about which organic and eco-friendly products to introduce, where to place them in stores, and how to market them. Limiting financial resources, ignoring external factors, and restricting employee autonomy can be detrimental to successful expansion efforts. Planning, on the other hand, provides a structured approach to consider various factors and make well-thought-out decisions.

11 Views

Question : Right Retail Ltd., an unlisted (Non-NBFC/HFC) company, had 10,000, 12% Debentures of Rs. 100
each outstanding for redemption as follows:
On 31st March 2019 2,000 Debentures,
On 31st March 2020 3,000 Debentures,
On 31st March, 2021 Balance Debentures.

Before the company redeems 5,000 debentures on 31st March 2021, how much of the amount transferred  to DRR is

Option 1: Rs 50,000

Option 2: Rs 80,000

Option 3: Rs 1,00,000

Option 4: None of the above

Team Careers360 19th Jan, 2024

Correct Answer: Rs 50,000


Solution : Answer = Rs 50,000

Before the company redeems 5,000 debentures on 31st March 2021, it should have a balance in DRR of not less than Rs. 50,000, i.e., 10 per cent of Rs. 5,00,000 being the nominal (face) value of Outstanding debentures ( Rs. 8,00,000 - Rs. 3,00,000).
Hence, the correct option is 1.

45 Views

Question : Case Study: ABC Retail Chain

ABC Retail Chain is a popular brand with multiple stores across the country. The company is planning to expand its product range and enter new markets to attract a wider customer base.

What is the first step ABC Retail Chain should take in the planning process for its expansion?

Option 1: Setting objectives and goals
  

Option 2: Identifying potential risks
   

Option 3: Allocating resources

   

Option 4: Evaluating alternatives

Team Careers360 24th Jan, 2024

Correct Answer: Setting objectives and goals
  


Solution : The correct answer is (a). Setting objectives and goals.

Setting objectives and goals is a crucial initial step in any expansion strategy as it helps define the direction and purpose of the expansion. By clearly outlining what the company aims to achieve, ABC Retail Chain can provide a framework for the entire planning process. This involves determining specific, measurable, achievable, relevant, and time-bound (SMART) objectives that align with the overall vision and mission of the company.

While identifying potential risks, allocating resources, and evaluating alternatives are all essential components of the expansion planning process, they are typically undertaken after establishing objectives and goals. Objectives set the foundation for subsequent steps, allowing the company to make informed decisions and prioritize activities based on the desired outcomes.

18 Views

Question : Case Study 17:

ABC Ltd. is a retail company that has been facing challenges in meeting government regulations related to packaging and waste management.

Q:- How can understanding government policies help ABC Ltd. in meeting regulations related to packaging and waste management?
 

 

 

 

Option 1: By seeking government subsidies

Option 2: By finding alternative suppliers

Option 3: By complying with the regulations and adopting eco-friendly practices

 

Option 4: By reducing the workforce

Team Careers360 21st Jan, 2024

Correct Answer: By complying with the regulations and adopting eco-friendly practices

 


Solution : The correct answer is (C) By complying with the regulations and adopting eco-friendly practices

Understanding government policies can help ABC Ltd. in meeting regulations related to packaging and waste management by enabling the company to comply with the regulations and adopt eco-friendly practices. This approach involves aligning the company's operations with the specific regulatory requirements, implementing sustainable packaging and waste management practices, and ensuring adherence to government-mandated standards.

12 Views

Question : Case Study 16:

JKL Enterprises is a retail company that is facing challenges due to changes in consumer preferences and lifestyle trends.

Q:-  How can understanding the social environment help JKL Enterprises in dealing with changes in consumer preferences and lifestyle trends?
 

 

 

Option 1: By offering higher salaries and benefits

Option 2: By implementing flexible work hours

Option 3: By investing in market research and product development

 

Option 4: By outsourcing recruitment to external agencies

Team Careers360 18th Jan, 2024

Correct Answer: By investing in market research and product development

 


Solution : The correct answer is (C) By investing in market research and product development

Understanding the social environment can help JKL Enterprises in dealing with changes in consumer preferences and lifestyle trends by enabling the company to invest in market research and product development. By conducting research and staying attuned to evolving consumer preferences, JKL Enterprises can tailor its products and services to better align with the changing tastes and demands of its target market.

22 Views

Question : Case Study: ABC Retail Corporation aims to improve efficiency by optimizing work methods and eliminating unnecessary actions. Which scientific management technique is appropriate for this purpose?

 

Option 1: Time study

Option 2: Motion study

Option 3: Method analysis

Option 4: Fatigue study

Team Careers360 19th Jan, 2024

Correct Answer: Method analysis


Solution : The correct answer is (c) Method analysis

Method analysis, a scientific management technique, is appropriate for improving efficiency by optimizing work methods and eliminating unnecessary actions. It involves analyzing and breaking down a task into its constituent steps, studying each step, and identifying the most efficient way to perform the task. By optimizing the methods used to complete a task, ABC Retail Corporation can eliminate wasteful actions, streamline processes, and enhance overall efficiency in their operations.

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