Direction for [ Question No: 6 To 10 ] :
Directions : Read the passage given below and answer the questions that follow by selecting the correct/most appropriate options.
The Japanese economy is being driven by small and medium-sized enterprises offering new ways of doing things.
Working hard to deliver quality products and services is hard-wired into every good Japanese business. But those principles are especially important to the nation's booming small and medium-sized enterprises (SMEs) and niche companies. An incredible 3·58 million SMEs make up 99·7% of all Japanese businesses, and they play a massive role - by doing all the little things right. Utilizing an agile corporate structure, many such firms are thriving, whether supplying business contracts or selling direct to customers.
With Asia-Pacific neighbours leading the way in mass production and lower-cost models, Japanese firms have been taking a more focused and customer-centric approach. "A large number of manufacturers have shifted towards niche fields. Although Japanese products cannot remain competitive regarding cost and volume, they excel where high quality is needed," said Yoshio Komuro, CEO and President of precision metal rollers firm, Rikazai Co. Ltd.
Mamoru Iwata, President of manufacturing prototype specialists, Sanken Kogyo Co. Ltd. said that adaptability is a crucial factor in his firm's success. "As we do not work with mass production, client needs change from time to time and as such, our focus of production changes often," Iwata said. "Ensuring that clients are happy and satisfied is our number one priority."