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Directions: Ramesh and Suresh are business partners who run a manufacturing unit that produces nuts and bolts. This is an industry which has essentially been running the same way for the last two decades with the same machinery and next to no technological innovation. Last week, Ramesh and Suresh were approached by a salesman of PQR Machine tools and he showcased to them a new machinery in this field which will help reduce scrap production (the amount of metal wasted while producing nuts and bolts) by 25%. This could mean a significant annual saving for the company but the cost of buying and installing this new machinery (which would also mean halting production for some time) is quite a lot and on current estimates, it will at least take 5 years to the company to re-coup the costs.
Ramesh is enthusiastic about this idea and wants to go ahead with the idea. Suresh does not view this idea with the same enthusiasm. Which, out of the following, if suggested by Suresh, could change Ramesh's mind?
  • a)
    Since things are going well, why upset the apple-cart?
  • b)
    Considering the interest on bank loan that would need to be taken for installing the machinery, the time for breaking even would go up by a further 3 years.
  • c)
    Why not wait for other manufacturers to use this machinery and in the meantime, we can focus on our sales and finances?
  • d)
    We can reduce costs by the same amount as achieved by installing this machinery by increasing our operational efficiency.
Correct answer is option 'B'. Can you explain this answer?
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Directions: Ramesh and Suresh are business partners who run a manufac...
In the given case, only option B directly attacks the viability of installing this machinery. Remember, we need to provide an option that proves that installing this machinery won't provide any substantial benefit. Option D can be tempting but knowing that this still does not attack the new machinery, it can be eliminated. In fact, costs can be further reduced now by using these new machines and this makes things even more attractive. Option A and C do not provide a concreate and logical argument and hence, can be eliminated.
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Directions: Read the passage carefully and select the best answer out of the given four alternatives.What if globally designed products could radically change how we work, produce and consume? Several examples across continents show the way we are producing and consuming goods could be improved by relying on globally shared digital resources, such as design, knowledge and software. Imagine a prosthetic hand designed by geographically dispersed communities of scientists, designers and enthusiasts in a collaborative manner via the web. All knowledge and software related to the hand is shared globally as a digital commons. People from all over the world who are connected online and have access to local manufacturing machines can, ideally with the help of an expert, manufacture different commodities. There are no patent costs to pay for. Less transportation of materials is needed, since a considerable part of the manufacturing takes place locally; maintenance is easier, products are designed to last as long as possible, and costs are thus much lower.Take another example. Small-scale farmers need agricultural machines to support their work. Big companies rarely produce machines specifically for small-scale farmers. And if they do, the maintenance costs are high and the farmers have to adjust their farming techniques to the logic of the machines. Technology, after all, is not neutral. So the farmers decide to design the agricultural machines themselves. They produce machines to accommodate their needs and not to sell them for a price on the market. They share their designs with the world – as a global digital commons.Experts are now exploring the contours of an emerging mode of production that builds on the confluence of the digital commons of knowledge, software, and design with local manufacturing technologies. They call this model "design global, manufacture local" and argue that it could lead to sustainable and inclusive forms of production and consumption. It follows the logic that what is light (knowledge, design) becomes global while what is heavy (manufacturing) is local, and ideally shared. When knowledge is shared, materials tend to travel less and people collaborate driven by diverse motives. The profit motive is not totally absent, but it is peripheral. Decentralised open resources for designs can be used for a wide variety of things, medicines, furniture, prosthetic devices, farm tools, machinery and so on.There is now a new idea called cosmolocalism that comes partly from discourse on cosmopolitanism which asserts that each of us has equal moral standing, even as nations treat people differently. The dominant economic system treats physical resources as if they were infinite and then locks up intellectual resources as if they were finite. But the reality is quite the contrary. We live in a world where physical resources are limited, while non-material resources are digitally reproducible and therefore can be shared at a very low cost.However, there are some limitations too. A limitation of this new model is its two main pillars, such as information and communication as well as local manufacturing technologies. These issues may pertain to resource extraction, exploitative labour, energy use or material flows. A thorough evaluation of such products and practices would need to take place.Q. Each of the following statements is a limitation of the 'design global, manufacture local' approach, except

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Directions: Ramesh and Suresh are business partners who run a manufacturing unit that produces nuts and bolts. This is an industry which has essentially been running the same way for the last two decades with the same machinery and next to no technological innovation. Last week, Ramesh and Suresh were approached by a salesman of PQR Machine tools and he showcased to them a new machinery in this field which will help reduce scrap production (the amount of metal wasted while producing nuts and bolts) by 25%. This could mean a significant annual saving for the company but the cost of buying and installing this new machinery (which would also mean halting production for some time) is quite a lot and on current estimates, it will at least take 5 years to the company to re-coup the costs.Ramesh is enthusiastic about this idea and wants to go ahead with the idea. Suresh does not view this idea with the same enthusiasm. Which, out of the following, if suggested by Suresh, could change Ramesh's mind?a)Since things are going well, why upset the apple-cart?b)Considering the interest on bank loan that would need to be taken for installing the machinery, the time for breaking even would go up by a further 3 years.c)Why not wait for other manufacturers to use this machinery and in the meantime, we can focus on our sales and finances?d)We can reduce costs by the same amount as achieved by installing this machinery by increasing our operational efficiency.Correct answer is option 'B'. Can you explain this answer?
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Directions: Ramesh and Suresh are business partners who run a manufacturing unit that produces nuts and bolts. This is an industry which has essentially been running the same way for the last two decades with the same machinery and next to no technological innovation. Last week, Ramesh and Suresh were approached by a salesman of PQR Machine tools and he showcased to them a new machinery in this field which will help reduce scrap production (the amount of metal wasted while producing nuts and bolts) by 25%. This could mean a significant annual saving for the company but the cost of buying and installing this new machinery (which would also mean halting production for some time) is quite a lot and on current estimates, it will at least take 5 years to the company to re-coup the costs.Ramesh is enthusiastic about this idea and wants to go ahead with the idea. Suresh does not view this idea with the same enthusiasm. Which, out of the following, if suggested by Suresh, could change Ramesh's mind?a)Since things are going well, why upset the apple-cart?b)Considering the interest on bank loan that would need to be taken for installing the machinery, the time for breaking even would go up by a further 3 years.c)Why not wait for other manufacturers to use this machinery and in the meantime, we can focus on our sales and finances?d)We can reduce costs by the same amount as achieved by installing this machinery by increasing our operational efficiency.Correct answer is option 'B'. Can you explain this answer? for CAT 2025 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about Directions: Ramesh and Suresh are business partners who run a manufacturing unit that produces nuts and bolts. This is an industry which has essentially been running the same way for the last two decades with the same machinery and next to no technological innovation. Last week, Ramesh and Suresh were approached by a salesman of PQR Machine tools and he showcased to them a new machinery in this field which will help reduce scrap production (the amount of metal wasted while producing nuts and bolts) by 25%. This could mean a significant annual saving for the company but the cost of buying and installing this new machinery (which would also mean halting production for some time) is quite a lot and on current estimates, it will at least take 5 years to the company to re-coup the costs.Ramesh is enthusiastic about this idea and wants to go ahead with the idea. Suresh does not view this idea with the same enthusiasm. Which, out of the following, if suggested by Suresh, could change Ramesh's mind?a)Since things are going well, why upset the apple-cart?b)Considering the interest on bank loan that would need to be taken for installing the machinery, the time for breaking even would go up by a further 3 years.c)Why not wait for other manufacturers to use this machinery and in the meantime, we can focus on our sales and finances?d)We can reduce costs by the same amount as achieved by installing this machinery by increasing our operational efficiency.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: Ramesh and Suresh are business partners who run a manufacturing unit that produces nuts and bolts. This is an industry which has essentially been running the same way for the last two decades with the same machinery and next to no technological innovation. Last week, Ramesh and Suresh were approached by a salesman of PQR Machine tools and he showcased to them a new machinery in this field which will help reduce scrap production (the amount of metal wasted while producing nuts and bolts) by 25%. This could mean a significant annual saving for the company but the cost of buying and installing this new machinery (which would also mean halting production for some time) is quite a lot and on current estimates, it will at least take 5 years to the company to re-coup the costs.Ramesh is enthusiastic about this idea and wants to go ahead with the idea. Suresh does not view this idea with the same enthusiasm. Which, out of the following, if suggested by Suresh, could change Ramesh's mind?a)Since things are going well, why upset the apple-cart?b)Considering the interest on bank loan that would need to be taken for installing the machinery, the time for breaking even would go up by a further 3 years.c)Why not wait for other manufacturers to use this machinery and in the meantime, we can focus on our sales and finances?d)We can reduce costs by the same amount as achieved by installing this machinery by increasing our operational efficiency.Correct answer is option 'B'. Can you explain this answer?.
Solutions for Directions: Ramesh and Suresh are business partners who run a manufacturing unit that produces nuts and bolts. This is an industry which has essentially been running the same way for the last two decades with the same machinery and next to no technological innovation. Last week, Ramesh and Suresh were approached by a salesman of PQR Machine tools and he showcased to them a new machinery in this field which will help reduce scrap production (the amount of metal wasted while producing nuts and bolts) by 25%. This could mean a significant annual saving for the company but the cost of buying and installing this new machinery (which would also mean halting production for some time) is quite a lot and on current estimates, it will at least take 5 years to the company to re-coup the costs.Ramesh is enthusiastic about this idea and wants to go ahead with the idea. Suresh does not view this idea with the same enthusiasm. Which, out of the following, if suggested by Suresh, could change Ramesh's mind?a)Since things are going well, why upset the apple-cart?b)Considering the interest on bank loan that would need to be taken for installing the machinery, the time for breaking even would go up by a further 3 years.c)Why not wait for other manufacturers to use this machinery and in the meantime, we can focus on our sales and finances?d)We can reduce costs by the same amount as achieved by installing this machinery by increasing our operational efficiency.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT. Download more important topics, notes, lectures and mock test series for CAT Exam by signing up for free.
Here you can find the meaning of Directions: Ramesh and Suresh are business partners who run a manufacturing unit that produces nuts and bolts. This is an industry which has essentially been running the same way for the last two decades with the same machinery and next to no technological innovation. Last week, Ramesh and Suresh were approached by a salesman of PQR Machine tools and he showcased to them a new machinery in this field which will help reduce scrap production (the amount of metal wasted while producing nuts and bolts) by 25%. This could mean a significant annual saving for the company but the cost of buying and installing this new machinery (which would also mean halting production for some time) is quite a lot and on current estimates, it will at least take 5 years to the company to re-coup the costs.Ramesh is enthusiastic about this idea and wants to go ahead with the idea. Suresh does not view this idea with the same enthusiasm. Which, out of the following, if suggested by Suresh, could change Ramesh's mind?a)Since things are going well, why upset the apple-cart?b)Considering the interest on bank loan that would need to be taken for installing the machinery, the time for breaking even would go up by a further 3 years.c)Why not wait for other manufacturers to use this machinery and in the meantime, we can focus on our sales and finances?d)We can reduce costs by the same amount as achieved by installing this machinery by increasing our operational efficiency.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Directions: Ramesh and Suresh are business partners who run a manufacturing unit that produces nuts and bolts. This is an industry which has essentially been running the same way for the last two decades with the same machinery and next to no technological innovation. Last week, Ramesh and Suresh were approached by a salesman of PQR Machine tools and he showcased to them a new machinery in this field which will help reduce scrap production (the amount of metal wasted while producing nuts and bolts) by 25%. This could mean a significant annual saving for the company but the cost of buying and installing this new machinery (which would also mean halting production for some time) is quite a lot and on current estimates, it will at least take 5 years to the company to re-coup the costs.Ramesh is enthusiastic about this idea and wants to go ahead with the idea. Suresh does not view this idea with the same enthusiasm. Which, out of the following, if suggested by Suresh, could change Ramesh's mind?a)Since things are going well, why upset the apple-cart?b)Considering the interest on bank loan that would need to be taken for installing the machinery, the time for breaking even would go up by a further 3 years.c)Why not wait for other manufacturers to use this machinery and in the meantime, we can focus on our sales and finances?d)We can reduce costs by the same amount as achieved by installing this machinery by increasing our operational efficiency.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Directions: Ramesh and Suresh are business partners who run a manufacturing unit that produces nuts and bolts. This is an industry which has essentially been running the same way for the last two decades with the same machinery and next to no technological innovation. Last week, Ramesh and Suresh were approached by a salesman of PQR Machine tools and he showcased to them a new machinery in this field which will help reduce scrap production (the amount of metal wasted while producing nuts and bolts) by 25%. This could mean a significant annual saving for the company but the cost of buying and installing this new machinery (which would also mean halting production for some time) is quite a lot and on current estimates, it will at least take 5 years to the company to re-coup the costs.Ramesh is enthusiastic about this idea and wants to go ahead with the idea. Suresh does not view this idea with the same enthusiasm. Which, out of the following, if suggested by Suresh, could change Ramesh's mind?a)Since things are going well, why upset the apple-cart?b)Considering the interest on bank loan that would need to be taken for installing the machinery, the time for breaking even would go up by a further 3 years.c)Why not wait for other manufacturers to use this machinery and in the meantime, we can focus on our sales and finances?d)We can reduce costs by the same amount as achieved by installing this machinery by increasing our operational efficiency.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Directions: Ramesh and Suresh are business partners who run a manufacturing unit that produces nuts and bolts. This is an industry which has essentially been running the same way for the last two decades with the same machinery and next to no technological innovation. Last week, Ramesh and Suresh were approached by a salesman of PQR Machine tools and he showcased to them a new machinery in this field which will help reduce scrap production (the amount of metal wasted while producing nuts and bolts) by 25%. This could mean a significant annual saving for the company but the cost of buying and installing this new machinery (which would also mean halting production for some time) is quite a lot and on current estimates, it will at least take 5 years to the company to re-coup the costs.Ramesh is enthusiastic about this idea and wants to go ahead with the idea. Suresh does not view this idea with the same enthusiasm. Which, out of the following, if suggested by Suresh, could change Ramesh's mind?a)Since things are going well, why upset the apple-cart?b)Considering the interest on bank loan that would need to be taken for installing the machinery, the time for breaking even would go up by a further 3 years.c)Why not wait for other manufacturers to use this machinery and in the meantime, we can focus on our sales and finances?d)We can reduce costs by the same amount as achieved by installing this machinery by increasing our operational efficiency.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Directions: Ramesh and Suresh are business partners who run a manufacturing unit that produces nuts and bolts. This is an industry which has essentially been running the same way for the last two decades with the same machinery and next to no technological innovation. Last week, Ramesh and Suresh were approached by a salesman of PQR Machine tools and he showcased to them a new machinery in this field which will help reduce scrap production (the amount of metal wasted while producing nuts and bolts) by 25%. This could mean a significant annual saving for the company but the cost of buying and installing this new machinery (which would also mean halting production for some time) is quite a lot and on current estimates, it will at least take 5 years to the company to re-coup the costs.Ramesh is enthusiastic about this idea and wants to go ahead with the idea. Suresh does not view this idea with the same enthusiasm. Which, out of the following, if suggested by Suresh, could change Ramesh's mind?a)Since things are going well, why upset the apple-cart?b)Considering the interest on bank loan that would need to be taken for installing the machinery, the time for breaking even would go up by a further 3 years.c)Why not wait for other manufacturers to use this machinery and in the meantime, we can focus on our sales and finances?d)We can reduce costs by the same amount as achieved by installing this machinery by increasing our operational efficiency.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CAT tests.
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