3 years ago, Anandakrishnan obtained a degree in food technology. He
served a manufacturing company that produced Biscuits and bread. He was not
satisfactory with the working environment and decided to have his own
manufacturing unit, for this he decided the objectives, targets and formulated an
action plan to achieve the desired goal
One of his aim was to earn 40% profits on capital invested in initial year, it was
decided that raw materials like flour, sugar, salt etc will be purchased on 2 months
credit, He also decided to follow the steps required for marketing the products
through his own outlets, he appointed Nikhil as the production manager, who
decided the exact manner in which the production activities were to be carried out.
Nikhil also prepared a statement showing the requirements of workers in the
Factory throughout the year, Anandakrishnan informed Nikhil about his area wise
sales target for different products, for the forthcoming quarter, while working on
the production table, a penalty of 500 per ſay was announced for not wearing the
helmet. gloves and apron by workers.
Answers
Two years ago, Mayank obtained degree in food technology. For some time he worked in a company manufacturing bread and biscuits. He was not happy in the company and decided to have his own bread and biscuits manufacturing units. For this, he decided the objectives and the targets and formulated action plan to achieve the same. One of his objective was to earn 50% profit on the amount invested in the first year. It was decided that raw materials like flour, sugar, salt etc. will be purchased on two months credit. He also decided to follow the steps required for marketing the products through his own outlets. He appointed Harsh as a Production Manager who decided the exact manner in which the production activities are to be carried out. Harsh also prepared a statement showing the requirement of workers in the factory throughout the year. Mayank informed Harsh about his sales target for different products, area wise for the forth coming quarter. While working on the production table a penalty of Rs.150 per day was announced for not wearing the helmet, gloves and apron by the workers.