Question :
| 1 |
Early identification of opportunities helps an |
A | Business environment helps to identify threats and serve as a warning signal |
| 2 | Business depends on the environment as a source of inputs and as an outlet for output | B | Understanding and examining the environment helps to cope with the significant changes |
| 3 | Turbulent market condition, less brand loyalty, more demanding customers describe today's business environment | C | First mover advantage |
| 4 | In a strategic move towards countering the new entrants in the mid segment, Maruti Udyog increased the production three fold. | D | Business needs to design policies that allow to get the resources it needs |
Option 1: 1- D, 2-C, 3-B, 4-A
Option 2: 1-B, 2-C, 3-A, 4-D
Option 3: 1-C, 2-D, 3-B, 4-A
Option 4: 1-A, 2-B, 3-C, 4-D
Correct Answer: 1-C, 2-D, 3-B, 4-A
Solution :
1. First mover advantage - Maximum benefit or profit by grabbing the opportunity at the earliest.
2. Helps in tapping resources - Collecting right type of resources as per present requirement of business by foreseeing the requirement due scan of business environment.
3. Helps in adapt changes - Bringing changes in your organisation as per changes in environment. Being innovative and adopt latest technology latest method of production etc.
4. Warning signal - Come to know in advance for the coming constraints or threats of business due to scan of environment.
Hence, option 3 is the correct answer.
Related Questions
Question : Match the concept of Planning in column 1 and respective defination in column 2
| Column 1 |
Column 2 |
||
| 1 | Exclusive function of top management | A. | Planning is continous process |
| 2 | A plan is framed, it is implemented, and is followed by another plan on the basis of new requirement and future conditions. | B | Planning is time consuming process |
| 3 | Planning involves collection of information, it's analysis and interpretation thereof. | C | Planning |
| 4 | Feature of planning | D | Pervasive |
Option 1: 1-C, 2-B, 3-A, 4-D
Option 2: 1-B, 2-A, 3-C, 4-D
Option 3: 1-A, 2-C, 3-B, 4-D
Option 4: 1-C, 2-A, 3-B, 4-D
Question : India produces two commodities: X and Y. Its production possibilities are shown in the following table:
| Possibility | A | B | C | D | E | F |
| Commodity X | 20 | 14 | 9 | 5 | 2 | 0 |
| Commodity Y | 0 | 1 | 2 | 3 | 4 | 5 |
Calculate MRT for the possibility C.
Option 1: 5:1
Option 2: 4:1
Option 3: 6:1
Option 4: 2:1
Question : Directions: Study the given pattern carefully and select the number that can replace the question mark (?) in it.
| 16 | 4 | 4 |
| 30 | 5 | 15 |
| 8 | 2 | ? |
(NOTE: Operations should be performed on the whole numbers, without breaking down the numbers into their constituent digits. E.g., 13 – operations on to 13 such as adding/subtracting/multiplying, etc. 13 can be performed. Breaking down 13 into 1 and 3 and then performing mathematical operations on 1 and 3 is not allowed.)
Option 1: 2
Option 2: 8
Option 3: 6
Option 4: 4
Question : Study the following pie chart and table to answer the questions numbered 95 to 97.
Total number of students admitted in a university in various fields = 5000
Distribution of the number of students into various fields:
Total number of students admitted in a university in various fields = 5000
Distribution of the number of students into various fields:
| Fields | No. of Boys |
| Economics | 56% |
| C S | 44% |
| I T | 65% |
| ECE | 72% |
| EEE | 68% |
| Hotel Management | 80% |
What is the difference between the number of girls in IT and the number of girls in ECE?
Option 1: 21
Option 2: 30
Option 3: 25
Option 4: 20
Question : Study the following table carefully and answer the questions based on it.
The following table shows the domestic sales of vehicles of four manufacturers from 2010 to 2015.
The following table shows the domestic sales of vehicles of four manufacturers from 2010 to 2015.
| Manufacturer | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| A | 560000 | 700000 | 600000 | 620000 | 650000 | 680000 |
| B | 540000 | 590000 | 570000 | 630000 | 710000 | 650000 |
| C | 610000 | 580000 | 620000 | 680000 | 690000 | 630000 |
| D | 630000 | 570000 | 700000 | 690000 | 700000 | 640000 |
With respect to which of the following combinations, is the sales of vehicles highest over the given period?
Option 1: A, 2011
Option 2: B, 2014
Option 3: D, 2012
Option 4: D, 2014
