Gurpreet, Vikarm and Parv are good friends. They are thinking to manuf

1.	Gurpreet, Vikarm and Parv are good friends. They are thinking to manufacture papers. They mutually decided that this manufacturing unit will be set up in a rural area of Odisha where people have a few job opportunities and labour is available at very low rates. They also decided not to sell goods on credit. (i) One of the functions of management is highlighted in the above para. Name it by quoting the line from it. (ii) Name the type of plan highlighted in the above para by quoting the line from it. (iii) Which type of organizational structure would you recommend for this manufacturing unit? State any two reasons.
Answer» (i) Planning: They are thinking to manufacture papers. (ii) policy: They also decided not to sell goods on credit. (a) Policies are general statements that guide thinking or channelize energies towards a particular direction. (b) These are expressed in the form of a general statement. Policies in general are formulated at top management level. (iii) Organizational structure: (a) Occupational specialization is ensured. (b) promotes control and coordination.

Gurpreet, Vikarm and Parv are good friends. They are thinking to manufacture papers. They mutually decided that this manufacturing unit will be set up in a rural area of Odisha where people have a few job opportunities and labour is available at very low rates. They also decided not to sell goods on credit. (i) One of the functions of management is highlighted in the above para. Name it by quoting the line from it. (ii) Name the type of plan highlighted in the above para by quoting the line from it. (iii) Which type of organizational structure would you recommend for this manufacturing unit? State any two reasons.

Answer»

(i) Planning: They are thinking to manufacture papers.

(ii) policy: They also decided not to sell goods on credit.

(a) Policies are general statements that guide thinking or channelize energies towards a particular direction.

(b) These are expressed in the form of a general statement. Policies in general are formulated at top management level.

(iii) Organizational structure:

(a) Occupational specialization is ensured.

(b) promotes control and coordination.