Category: Q & A

Supply Chain Management 1. “Elixir Pharma” took to home delivery of medicines as a response to Covid situation. But the model remained as a feature after Covid situation changed. With business growth new challenges showed up like delay in delivery, wrong items getting delivered, returns and re-deliveries, out of stock of some items, while some…

STRATEGIC MANAGEMENT 1. You are a business person who has access to capital and want to build a global advertising empire. Create a strategic plan to build your business; do you think that acquisitions could be a strategic option? Justify your answer. (10 Marks) Ans: Introduction As a business enterprise, my goal is to set…

Strategic Cost Management 1) The following information is available for a watch showroom. Calculate the following:   a) Contribution b) PV Ratio   c) BE Ratio (in no. of units and value) d) MOS at actual sales of Rs. 6, 00,000/- e) Number of watches to be sold to get a profit of Rs. 20,000/-…

Six Sigma Question 1 Introduction   There are numerous methods readily available for fixing company problems. The popular 5-step procedure, DMAIC, frequently used for project-based simple method advancement, is one common strategy. Define-Measure-Analyze-Improve-Control is stood for by the letters DMAIC. Concept and Analysis With efficient avoidance drives slowly eliminating the feared COVID-19, nations worldwide have begun…

Services Marketing Question 1: You stay in an urban set up and in your city; health services for senior citizens are extremely unreliable. How will you plan your service offering? What are the challenges you will face while creating your service offering?   Introduction   Providing seniors living in urban areas with dependable medical care…

Service Operation Management  Q1. Explain the concept of ‘Service Design’ in Service Operations. Discuss the various approaches that Service setups can adopt to implement ‘Service Design’? Explain the concept with the help of reference from the Retail setup like a Supermarket. Ans: Introduction: The layout of service operations plays a vital function in establishing the…

Research Methodology 1. Identify a relevant business problem, gather support from literature to identify research gap. Now, develop a research proposal based on the research gap. Ans: Introduction One relevant business problem that many companies face is employee turnover. Employee turnover is the rate at which employees leave a company and are replaced by new…

Project Management 1. A ABC company is launching the new project consist of designing and constructing a Cricket Stadium and Amenities around it. Prepare the RACI (Responsible, Accountable, Consult, and Inform) Matrix with the following details. Brief activity list (6-8 activities). Figure out 4-6 project management related roles. Prepare the RACI Matrix for the same.…

Procurement Management Question 1: Explain various types of purchases with appropriate examples Introduction When companies have a solid understanding of the many distinct types of purchases that customers make, they are in a better position to develop marketing strategies tailored to their target audience’s individual requirements and activities. Concept and Application There are several types…

Performance Management System   Q1. You are an HR Manager at Roohi Medical Devices Ltd. The company would like to introduce Self Appraisals for the Sales Teams. Design a Self Appraisal Form for Sales Executives in the organization. (10 marks) Introduction Performance management is a tool that corporations use to assist managers in adequately evaluating…

Operations Management   1) As a business owner, one of the most critical decisions you will make is choosing a location for your business setup. What are the various decision criteria for deciding a location for a business setup, and how do they apply to setting up an electric vehicle charging station? Assume any size…

Operations and Supply Chain Strategies   Question 1: List down the competencies needed for an efficient global Operations and Supply Chain. Which competency would you highly prioritize if you are a producer of a semiconductor, which has a global demand in today’s scenario? Justify.   Introduction   In today’s highly competitive economic environment, organizations need…

Manpower Planning, Recruitment and Selection   Introduction When it comes to managing human resources, “recruitment” refers to locating and employing the candidate who is both the most qualified and the most productive for an open position in a timely and frugal way. It is one continuous process that encompasses a complete life cycle, beginning with…

Logistics Management 1. “A successful Supply Chain Management can become ineffective with poor Logistics Management”. Explain your understanding about this statement. Ans : Introduction: Supply Chain Management (SCM) and Logistics Management (LM) are two essential aspects of any business organization that are often used interchangeably. SCM refers to managing the entire network of suppliers, manufacturers,…

Information System for Managers Introduction A company’s plan to house its information technology infrastructure in the cloud is called its “cloud strategy.” However, by defining and outlining the cloud’s development plans, architecture, and governance model, cloud strategies can help ensure that cloud workloads, infrastructure, and applications function effectively.  Concepts and applications  As indicated in the…

Industrial Relations & Labor Laws   Introduction The International Labor Organization (ILO) is a UN institution. The International Labor Organization (ILO) promotes social and economic fairness by establishing global labor standards. The International Labor Organization (ILO) upholds norms generally designed to ensure that employment is available, productive, and sustainable globally in conditions of freedom, equity,…

Financial Accounting   Question 1: Analyse the following transactions for Surprise Ltd. using the concept of Accounting Equation comprising of Assets, Liabilities and Equity. (10 Marks)  Commenced business with cash of ₹ 5, 00,000.  Purchased equipment for cash ₹ 2, 00,000.  Purchased furniture worth ₹50,000 on credit from IndiMart.  Purchased raw materials for ₹25,000 against…

Entrepreneurship and Venture Capital Management 1. Write a business plan (executive summary) of your own entrepreneurial idea also suggest and explain what kind of financing would you prefer for the same and why? Ans: Introduction My entrepreneurial idea is to start an online marketplace that connects small, independent farmers and consumers. The marketplace will allow…

Digital Marketing Introduction The marketing funnel, also known as the buying funnel, is a graphical representation of all of the stages a client must go through before purchasing a product or service. In 1910, American philosopher John Dewey described the five steps customers go through before, during, and after acquiring a commodity or service. This…

Customer Relationship Management   1. You already have CRM software installed in your company and that is providing support to your existing CRM practices. However, your bigger worry is that there is a lot of technological development that is happening in the CRM market, which you need to integrate at your workplace. How do you…

Cost & Management Accounting Question 1: Office Products Ltd provides the Sales and the cost data for 60,000 units as given below. At full capacity the plant can produce 100,000 units Prepare the Income statement under marginal costing for production at 80,000 units. (10 marks) Introduction: When discussing economics, the word “marginal cost” refers to…

Corporate Finance 1. Compute the NPV and IRR for project whose initial cost is 30,000 and cash inflows are 14000, 8200, 12000, 15000, 22000. Discount Rate is 10%. Cost of Capital if borrowed is 15%. Show value of NPV at IRR as discount factor. Based on the above calculations, should the project be considered? (10…

Consumer Behavior   1. Explain Motivation in Consumer Purchases. Taking Sony and Bose as examples of a Home Theatre System, explain how what are the Rational and Emotional Motives for purchasing SONY or BOSE Home Theatre System.   Ans Introduction   Buying motive of consumers is the motive or urge to satisfy the consumer’s need…

Compensation & Benefits Introduction Businesses typically apply a wage structure when determining employee pay to ensure that employees are paid fairly and by applicable regulations. It ensures that individuals working in equivalent roles and positions get paid equivalently. You will be able to determine the minimum and maximum earning potential for a particular job function…