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Business Studies > Principles And Functions Of Management > Nature And Significance Of Management

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Single Question

Shreedar had worked as an Operations Manager at a cab aggregator firm for ten years, gaining in-depth knowledge of the business. He then decided to leave the job and started his own cab aggregator business 'Easy Cab' with his friend Mukesh. Shreedar became the Chief Executive Officer and Mukesh the Chief Operating Officer in 'Easy Cab'. They decided to initially offer their services only in Goregram. To finance the venture, they applied for a loan to purchase electric cars for their fleet aiming to provide a sustainable and eco-friendly way to travel.

(a) Identify the level of management at which Shreedar and Mukesh are working in 'Easy Cab'.

(b) State any three functions required to be performed by both Shreedar and Mukesh at the level of management they are working.

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