Laxmi Ltd. aims to manufacture and sell 1500 locomotives in 2020-21. To achieve this target, the
production department ensures timely production and sales department takes all possible steps to
generate maximum revenue. Due to combined efforts of all the departments, Laxmi Ltd. is able to
achieve its sales targets.
a. Which importance of management is highlighted in the above situation?
b. Which other aspect of management is necessary to ensure achievement of sales targets?
Give two points of its importance.
c. Is Laxmi Ltd. efficient or effective?
Answers
The report contains forward-looking statements, identified by words like ‘plans, ‘expects, ‘will, ‘anticipates, ‘believes, ‘intends, ‘projects, ‘estimates and so on. All statements that address expectations or projections about the future, but not limited to the Companys strategy for growth, product development, market position, expenditures and financial results, are forward-looking statements. Since these are based on certain assumptions and expectations of future events, the Company cannot guarantee that these are accurate or will be realised. The Companys actual results, performance or achievements could thus differ from those projected in any forward-looking statements. The Company assumes no responsibility to publicly amend, modify or revise any such statements on the basis of subsequent developments, information or events. The Company disclaims any obligation to update these forward-looking statements, except as may be required by law.
Answer:
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