Question

45)
Auto company. C lid is facing a problem of declining market share due to
eressed competition from other new and existing players in the market. Its
competitors are introducing from other new and existing players in the market
is competzors are introducing lower price models for consumers who are
price sensative and new models with added features and new technological
nements for quality conscious consumers. On the above basis answer
the following questions @ specify which the type of plan to be prepared by the
manager of c led to deal with the crisis. b) state the three essential
dimensions of the plan adopted by the manager. (c) identify the limitation of
suo pian (how you seek to remove these limitations
urement and sale of traditional Indian​

Answer 1

Answer:

The types of plan needed are :  

OBJECTIVES :  

To assess the declining share in the market and to increase a reasonable level in the long run.

STRATEGIES :  

To introduce new variants of the cars with innovative features to attract the customers.

POLICIES :  

To attract competent people for the new kind of work.

PROCEDURES :  

Procedure for requisition of a raw material, recruitment procedure , procedure to pay creditor and to ensure timely collection of debts.

METHODS :  

Innovative methods of training for employees and methods to allow discounts.

RULES :  

To frame the rules for the conveyance of staff.

BUDGETS :  

It should consists of sales budget, production budget, purchase budget, master budget.

Explanation: