SBI PO Prelims 8 Mar 2025 Shift 3 Paper

Question Numbers: 19-28
Directions: A passage is given which is divided into five paragraphs. Read the passage carefully to answer the given questions. Each question will have five alternatives as its answer, choose the correct option as your answer.
Company X, a burgeoning name in the children's market, has recently released its quarterly sales analysis, revealing an interesting diversification strategy. Originally recognized as a toymaker, the company has successfully expanded its product line to include a surprising range of items. Notably, the sales of children's earrings and other jewellery have seen a significant swell, contributing substantially to the company's revenue. This unexpected growth highlights Company X's ability to tap into new market segments. Furthermore, the company has made significant strides in the apparel sector, with its line of themed clothing for children proving particularly popular. The analysis indicates a consistent increase in sales, especially during festive seasons and school holidays. This diversification into apparel has not only broadened Company X's customer base but also provided a stable revenue stream, mitigating the seasonal fluctuations inherent in the toy industry. The company's foray into the gift market, offering curated gift boxes for various occasions, has also been met with considerable success. These boxes, combining toys, accessories, and apparel, have become a preferred choice for parents seeking convenient and comprehensive gift solutions. The analysis suggests that this segment holds considerable potential for future growth, particularly with the increasing trend of personalized gifting However, the analysis also reveals certain challenges. The company faces stiff competition from established players in the apparel and jewellery sectors, and maintaining a competitive edge requires continuous innovation and marketing efforts. Moreover, the report indicates that the company needs to expand its distribution space to cater to the growing demand. Current warehouse and logistical capacities are nearing their limits, potentially hindering future expansion. Despite these challenges, the overall outlook for Company X remains positive. The firm's ability to ____________, coupled with its strong brand recognition among its target audience, positions it for continued growth. The company plans to invest in expanding its online presence and exploring new international markets. Future growth strategies will focus on leveraging the success of its diversified product lines and optimizing its supply chain to ensure efficient delivery and customer satisfaction. The company’s strategic shift to include jewellery, apparel, and gifts shows a well thought out plan to combat any single product market fluctuations.