Joseph Bros is a firm manufacturing jute lampshades. It uses leftover jute pieces from various jute factories to manufactureeconomical lampshades which are supplied to various hotels in nearby towns. It employs men and women from nearbyvillages as workers for creating good lampshade designs.Joseph Bros is not able to meet its targets. Nimish, the supervisor of the company, was told to analyze the reasons for thepoor performance. Nimish found the following problems and suggested certain solutions in the working of the business.The number of workers employed was less than what was required for the work. As a result, the existing workers wereoverburdened. The firm decided to search for new workers and it asked the present employees to introduce candidates orrecommend their friends and relatives to the firm. This enabled the firm to 'put people to jobs' and assured the attainmentof objectives according to plans.1. Identify the functions of management being performed by the firm in the above situation and its 5 advantages

Management is the process of organizing a company's actions and resources to achieve specific goals…

Answered: Joseph Bros is a firm manufacturing…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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s The company produces 30 tables in this year. The manager of the company wants to increase the productivity by 20% in the next year. To achieve this goal, how many tables need to be produced in the next year? Accessibility: Investigate
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Golden Company is in the period of budgeting for 2022. The Sales manager forecasted the number of units to be sold as 30000 units and determined the selling price as 40 OMR per unit. The management revised these estimates with a 10 % decrease in selling price and with a 20 % increase in the number of units sold. According to these estimates, which of the following is revised Sales (OMR)? Select one: O a. 1050000 Ob. 1296000 Oc 900000 O d. 675000

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