Question

2.5
. Pramesh was a successful businessman and owned a departmental store. He was aware of the
fact that profit is the reward of risk bearing. So, in order to earn more profits, he opened two more
departmental stores and employed a team of young staff to look after the stores. Initially
, the staff
was very sincere and Pramesh earned huge profits from his 3 departmental stores. However, over
the last two years, his business is running into losses. On close analysis, he found that his staff was
not giving much attention to the customers. Moreover
, there were many cases of embezzlement
(misappropriation of funds) by the employees. Identify and explain the main cause behind the losses
in the Pramesh's Business.​

Answer 1

Hey Sis(Mate)

The main cause behind the losses were:-

•Non-managerial employees- Due to expand of business, Parmesh has not given time to this one and his employees are out of their roles and duties, non-managerial employees.

•Dishonesty of employees- The dishonesty of employees can bring heavy losses for business.

•Lack of coordination- To run an organisation properly,coordination is must, in absense of this there is possibility of failure of organisation.

Hope these helps you out mate....

^_^

Thx for marking as Brainliest :-)