Question

4
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 objectives was to earn 50%profit on the amount invested in the first year. It was
decided that raw materials like Flour, Sugar, and 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 carry 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.
Quoting lines from the above paraidentify and explain the different types of plans
discussed.​

Answer 1

Answer:

4

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 objectives was to earn 50%profit on the amount invested in the first year. It was

decided that raw materials like Flour, Sugar, and 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 carry 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.

Quoting lines from the above paraidentify and explain the different types of plans

discussed.