Question

033. In a marketing firm, the Financial
Manager pays more attention towards an
increase of 3% in the marketing costas
compared to a 15% increase in the
courier expenses, Identify the concept
being used by the manager,
O Management by exception
Critical point control
O Corrective action
None of these​

Answer 1

Answer:

critical point control

Explanation:

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Answer 2

The concept used by the manager is "Critical point control"

• In a large firm, It is not easy to have absolute control over every activity/event so the "critical point control" concept is used
• Under the Critical point control concept, the management focuses on keeping control over those activities which have a significant/critical effect on the organization.
• This concept helps managers to focus on more relevant issues and hence results in saving time.
• It helps managers to analyze the key areas and control them accordingly.
• In the question, focusing on the increase in marketing costs is way more important than focusing on the increase in courier expenses.