Business Environment — Business Studies STD 12 Commerce — Question

As a technique of scientific management what is the meaning of ‘Simplification’?

Mention a company characteristic that affects the choice of determining channels of distribution.

For the last three years, Elpis Technology Solutions p(Ltd.) is not functioning smoothly and systematically. The relations between management and employees are becoming bitter day by day. After a complete analysis, it was observed that employees are not working effectively and efficiently and management is not fulfìlling its commitment of increments and promotions,

(1) Which management principle is being ignored in the given case ?
(2) Can the problem be solved if only management becomes serious in fulfilling its promises? What should be the appropriate course of action to achieve smooth and systematic functioning of Mahagun Industries ?

What is workload analysis?

Whirlwind Enterprises was a renowned name for manufacturing quality washing machines since 1965. When the profit of the last year declined, Mr. Ahmed, the owner of Whirlwind Enterprises, asked the General Manager to prepare a profitability report of the company including Gross Profit Ratio, Net Profit Ratio, etc. besides using other techniques to assess the company’s performance.
Identify the step taken by Mr. Ahmed which is related to one of the functions of management.

Name the financial decision which will help a businessman in opening a new branch of its business.
OR
A company wants to establish a new unit in which a machinery of worth ₹ 10 lakhs is involved. Identify the type of decision involved in financial management.

Which Act of Consumer Protection provides for the formation of ‘Consumer Protection Councils’ in every district and the State of the country?

What is the minimum amount of Treasury Bill?

Give some examples of perquisites offered to employees.

Give any two benefits of branding to marketer.