Saurabh decided to start a chocolates manufacturing business. He set the target of earning 10% profit...

 

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Saurabh decided to start a chocolates manufacturing business. He set the target of earning 10% profit on sales in the first year. As a good businessman, he was concerned about the future of the business, which was uncertain. He gathered information that the demand for chocolates is increasing day-by-day. He used this information as the base for future planning and shared it with his team. On the basis of the gathered information, he scheduled a meeting in the following week to find innovation ways to achieve the objectives. List the first two steps, which have been followed by Saurabh that are related to the process of one of the functions of management. Saurabh decided to start a chocolates manufacturing business. He set the target of earning 10% profit on sales in the first year. As a good businessman, he was concerned about the future of the business, which was uncertain. He gathered information that the demand for chocolates is increasing day-by-day. He used this information as the base for future planning and shared it with his team. On the basis of the gathered information, he scheduled a meeting in the following week to find innovation ways to achieve the objectives. List the first two steps, which have been followed by Saurabh that are related to the process of one of the functions of management.

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Answer I The first two steps which have been followed by Saurabh that are related to the process of ... View the full answer