Question
Which of the following statements about Business are
correct? Vision and mission are optional for a successful business. Financial management is crucial for efficient resource allocation and profitability. Understanding market demand is essential for aligning products or services with customer needs. Businesses do not need to adapt to changing market trends.Solution
Explanation: Statement 1 is incorrect because vision and mission are foundational for guiding a business. Statement 2 is correct as financial management ensures efficient resource use and profitability. Statement 3 is correct since understanding market demand helps meet customer expectations. Statement 4 is incorrect because businesses must adapt to market trends to remain competitive.
Ministry of Defence and which Insurance company to collaborate to provide job opportunities to Veterans?
Taiwanese contract manufacturer Foxconn plans to invest Rs 4,000 crore in a new electronics manufacturing facility in which Indian state?
Which city was ranked as the costliest city for international workers in Mercer’s 2024 cost of living data?
What was India’s rank in ‘GLOBAL MILITARY EXPENDITURE’ in year 2022-23?
Which company recently announced plans to establish an AI Cluster at Gujarat International Finance Tec-City (GIFT City) in Gandhinagar, Gujarat?
Which bank has received approval from the Reserve Bank to make I-Process Services (India) Private Ltd a wholly-owned subsidiary?
When was the Ministry of Education (MoE) created?
Consider the following in regards to Kumaon Commissionary during British rule:
1. Almora Jail was established in 1916
2. Pauri Jail was es...
Which player of the England cricket team has withdrawn his decision to retire from ODI cricket?
Consider the following statements about Hastinapur Wildlife Sanctuary:
1. Recently, a Black Stork species rarely seen, has been spotted in this S...
Relevant for Exams:
