Question

Maruti Udyog does bulk of its sourcing of supplies of materials and components in a paper less fashion. Which benefit does the above statement refers to ​

Answer 1

Answer:

The way business is done has undergone fundamental changes during the last decade or so. The manner of conducting business is referred to as the ‘mode of business,’ and, the prefix ‘emerging’ underlines the fact, that these changes are happening here and now, and, that these trends are likely to continue. In fact, if one were to list the three strongest trends that are shaping business, these would be: (i) digitisation —the conversion of text, sound, images, video, and other content into a series of ones and zeroes that can be transmitted electronically, (ii) outsourcing, and, (iii) inter – nationalisation and globalisation. You will read about international business in Chapter