GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Meet shareholder expectations
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Profit
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Increase market share
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Mass production
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Detailed explanation-1: -The aim of mass production is to ensures that the whole process of manufacturing remains at the lowest cost possible while turning out the highest volumes possible. Producing products in bulk results in their individual cost being decreased.
Detailed explanation-2: -Answer. Policy-making is the process of formulating policies on the basis of which the company or an organization works. Top executives and directors usually brainstorm and decide upon the policy to be adopted. Hence, policy-making is not an objective of management.
Detailed explanation-3: -Mass production is the manufacturing of large quantities of standardized products, often using assembly lines or automation technology. Mass production facilitates the efficient production of a large number of similar products.
Detailed explanation-4: -Answer. Answer: b) it is constant everywhere.