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GenX fashion is planning to launch casual wear line for collage students in a year's time to extend its product line. At present the company has reduced the branches of its formal wear by 10% to retain its existing market share. Giving suitable reasons. Identify the objectives of management which GenX fashion is fulfilling by undertaking such activities.?
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GenX fashion is planning to launch casual wear line for collage studen...
Objectives of Management fulfilled by GenX Fashion

GenX Fashion is a company that is planning to launch a casual wear line for college students in a year's time. To achieve this, the company has reduced the branches of its formal wear by 10% to retain its existing market share. The following are the objectives of management that GenX Fashion is fulfilling by undertaking such activities:

1. Growth and Expansion

One of the primary objectives of management is to ensure growth and expansion of the company. By launching a casual wear line for college students, GenX Fashion is expanding its product line and catering to a new market segment. This will help the company to grow and increase its market share.

2. Customer Satisfaction

Another important objective of management is to ensure customer satisfaction. By launching a casual wear line for college students, GenX Fashion is catering to the needs and preferences of this specific market segment. This will help the company to satisfy its customers and retain them in the long run.

3. Market Penetration

Market penetration is another important objective of management. By reducing the branches of its formal wear by 10%, GenX Fashion is focusing on retaining its existing market share. This will help the company to penetrate the market further and increase its brand recognition.

4. Cost Reduction

Cost reduction is an important objective of management as it helps to increase the profitability of the company. By reducing the branches of its formal wear, GenX Fashion is cutting down on its operational costs. This will help the company to increase its profitability and improve its financial performance.

5. Innovation

Innovation is an important objective of management as it helps the company to stay ahead of its competitors. By launching a casual wear line for college students, GenX Fashion is introducing innovation in its product line. This will help the company to differentiate itself from its competitors and attract more customers.

Conclusion

In conclusion, GenX Fashion is fulfilling several objectives of management by launching a casual wear line for college students and reducing the branches of its formal wear. The company is focusing on growth, customer satisfaction, market penetration, cost reduction, and innovation, which are all important objectives of management. By achieving these objectives, GenX Fashion can increase its market share, profitability, and brand recognition in the long run.
Community Answer
GenX fashion is planning to launch casual wear line for collage studen...
The social objective of an organisation basically involves the creation of benefit and development of the society. The social objective of management that is indicated in the given situation is concern for environment.


Top level of Management: "Team X immediately discusses the change to be brought about in company's plans."
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Read the following text and answer the questions given below:Sana inherited a 20 acre ancestral land from her grandparents. She decided to venture into agriculture. For this purpose she set out specific goals, objectives and activities. Everything was a challenge because she was not aware about farming. She learnt every activity and in the process thought of assisting other farmers as well. She eventually launched her own company Agricultural Solutions Ltd. She wanted to be sure that the activities effectively met the best interests of the company and the farmers. Hence, she prepared an annual plan for production, sales and marketing through sales forecasting. She also realized that farmers were growing only one or two crops. On account of this; the land remained idle for the rest of the year. Thus, she identified and evaluated different alternatives through which the farms could be utilized throughout the year. She used her foresight and logical and systematic thinking based on analysis of all facts and examined and evaluated all the alternatives. She presented a plan to the farmers union, where after harvesting the primary crop, seasonal vegetables and fruits could be grown.Q. "For this purpose she set out specific goals, objectives and activities." Which feature of planning is depicted in the statement?

Read the following text and answer the questions given below:Sana inherited a 20 acre ancestral land from her grandparents. She decided to venture into agriculture. For this purpose she set out specific goals, objectives and activities. Everything was a challenge because she was not aware about farming. She learnt every activity and in the process thought of assisting other farmers as well. She eventually launched her own company Agricultural Solutions Ltd. She wanted to be sure that the activities effectively met the best interests of the company and the farmers. Hence, she prepared an annual plan for production, sales and marketing through sales forecasting. She also realized that farmers were growing only one or two crops. On account of this; the land remained idle for the rest of the year. Thus, she identified and evaluated different alternatives through which the farms could be utilized throughout the year. She used her foresight and logical and systematic thinking based on analysis of all facts and examined and evaluated all the alternatives. She presented a plan to the farmers union, where after harvesting the primary crop, seasonal vegetables and fruits could be grown.Q. “She used her foresight and logical and systematic thinking based on analysis of all facts and examined and evaluated all the alternatives.” Which feature of planning is depicted in the statement?

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GenX fashion is planning to launch casual wear line for collage students in a year's time to extend its product line. At present the company has reduced the branches of its formal wear by 10% to retain its existing market share. Giving suitable reasons. Identify the objectives of management which GenX fashion is fulfilling by undertaking such activities.?
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GenX fashion is planning to launch casual wear line for collage students in a year's time to extend its product line. At present the company has reduced the branches of its formal wear by 10% to retain its existing market share. Giving suitable reasons. Identify the objectives of management which GenX fashion is fulfilling by undertaking such activities.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about GenX fashion is planning to launch casual wear line for collage students in a year's time to extend its product line. At present the company has reduced the branches of its formal wear by 10% to retain its existing market share. Giving suitable reasons. Identify the objectives of management which GenX fashion is fulfilling by undertaking such activities.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for GenX fashion is planning to launch casual wear line for collage students in a year's time to extend its product line. At present the company has reduced the branches of its formal wear by 10% to retain its existing market share. Giving suitable reasons. Identify the objectives of management which GenX fashion is fulfilling by undertaking such activities.?.
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