Mr Ankur Tripathi and some of his friends after completing their MBA course, established a company under the name and title of 'Rashtriyahit Limited'. The company manufactured LED Bulbs. It was the keen desire of Mr Tripathi true the name (Rashtriyahit) of his company. In order to achieve his main objective, he concentrated on these points: to make employment opportunities available, to protect the environment from pollution and to sell good quality products at a reasonable price.
To begin with Mr Tripathi and his friends concentrated on price fixation. For this purpose, they tried to find out as to what would be the labour cost per unit. They also wanted to know about the number of labourers that would be needed to achieve a given target of production.
In order to well organise their company they formulated some rules. It was absolutely essential for each and every employee of the company to stick to these rules. It was also notified that
those persons who gave suggestions regarding better performance of the company will be given a hearty welcome.
Identify and give meaning of the following facts mentioned in the above paragraph by quoting the lines.
(a) Any single point regarding importance of management.
(b) One technique of scientific management.
(c) Two principles given by Henry Fayol.
Answers
Answered by
1
Explanation:
A)management helps in the development of society
B) initiatives
C)rule
Differencial piece of wages
Answered by
0
Answer:
a. management helps in the development of security
b. Initiatives
c. I) Rule
II) Differential piece wage system
Explanation:
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