NTA-NET (Based on NTA-UGC) Paper-I: Questions 2989 - 2993 of 3424

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Passage

A business will usually go through a clear set of stages that will make up its organisational life cycle. These stages include introduction, early growth, continuous growth, maturity and decline. The first stage, the introduction stage, is the start-up phase where a business decides what its core strengths and capabilities are and starts selling its product or service. At this early stage, the founder or founders will be part of every aspect of the daily processes of the business. The main goal at this stage is to take off to good start and make a place in the market.

The next stage, the early growth phase, aims increased sales and more development. The focus at this stage remains on the original product or service but the fact is to increase the market share and venture into related products or services. The main goal is to move the founder to a more managerial role so more time is spent on managing and building the business. At this stage, documents and policies need to be developed so any member of the organizations can see the business any time.

The third stage, the continuous growth stage, requires a systematic structure and more formal relationships among its participants. At this stage, the resources requirements of the business need careful handling. The focus is on the expenses of the business, keeping in mind its core strength and capability. A formal organisational structural and a clear delegations plan are important at this stage.

At the fourth stage of maturity, a business often slows down as the level of innovative energy may have become weak and the formal structures may have become obstacles. A lot of care is required to prevent declined.

Question number: 2989 (1 of 5 Based on Passage) Show Passage

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Appeared in Year: 2019

MCQ▾

Question

Venturing into related products and services does not mean that a business will (24 June Evening Shift)

Choices

Choice (4) Response

a.

Ignore the original product

b.

Delegate more responsibilities

c.

Move the founder to a more managerial role

d.

Ignore the related products and services

Question number: 2990 (2 of 5 Based on Passage) Show Passage

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Appeared in Year: 2019

MCQ▾

Question

When will a business create its place in the market? (24 June Evening Shift)

Choices

Choice (4) Response

a.

At early growth

b.

At introduction

c.

At late growth

d.

At maturity

Question number: 2991 (3 of 5 Based on Passage) Show Passage

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Appeared in Year: 2019

MCQ▾

Question

The slowing down of a business can happen if, (24 June Evening Shift)

Choices

Choice (4) Response

a.

The level of investment declines

b.

The managerial roles are not clear

c.

The level of innovative energy weakens

d.

There is a decline in the market share

Question number: 2992 (4 of 5 Based on Passage) Show Passage

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Appeared in Year: 2019

MCQ▾

Question

The founder of a business does not move to a more managerial role at this stage? (24 June Evening Shift)

Choices

Choice (4) Response

a.

Maturity Stage

b.

Start-up Stage

c.

Early growth stage

d.

Decline Stage

Question number: 2993 (5 of 5 Based on Passage) Show Passage

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Appeared in Year: 2019

MCQ▾

Question

The resources requirements of a business need careful handling at which stage? (24 June Evening Shift)

Choices

Choice (4) Response

a.

Second

b.

First

c.

Fourth

d.

Third

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