Question

Ritu Kapoor has set up a bakery ‘Bakes and Cakes' in Pune. She receives online orders for cakes from within the city and supplies them on the same day. She set a target that she would earn a revenue of ₹ 5,00,000 in the first year. She informed her employees about the target and asked them to contribute ideas to achieve the same: 

Ritu Kapoor has performed the first step in the process of one of the functions of management. The next step to be performed is ______.

Options

• identifying alternative courses of action

• setting objective

• developing premises

• follow-up action

Answer 1

Ritu Kapoor has performed the first step in the process of one of the functions of management. The next step to be performed is developing premises.

Explanation:

Setting objectives leads to making assumptions about the future. These assumptions are referred to as premises. Assumptions act as the foundation for plan development. Next, identify alternate actions to fulfill the objectives.