Nature and Significance of Management — Business Studies STD 12 Commerce — Question

State any three points of importance of planning function of management.

Briefly, explain any three barriers to effective communication.

How does organising as a function of management help in bringing administrative efficiency?

How ‘costs’ create hurdle in planning?

Suhasini, a home science graduate from a reputed college, has recently done a cookery course. She wished to start her own venture with a goal to provide ‘health food’ at reasonable prices. She discussed her idea with her teacher (mentor) who encouraged her. After analysing various options for starting her business venture, they short listed the option to sell ready made and ‘ready to make’ vegetable shakes and sattu milk shakes. Then, they weighed the pros and cons of both the short listed options.

1. Name the function of management being discussed above and give any one of its characteristics.
2. Also briefly discuss any three limitations of the function discussed in the case.

How does organising help in coordination and adaptation?

Sacred Heart School organized an Inter School Commerce Fest. A committee of twenty students was made to organize different competitions. All the committee members worked together in harmony systematically to make the Fest a grand success. After the fest, all the team members were appreciated by their teachers and principal. They felt very happy and satisfied.
State any three features of management by quoting the lines, highlighted in the above paragraph.

A shopkeeper sold you some spices, claiming that those were pure. Later, a laboratory test showed that those were adulterated. What precautions you should have taken before buying the products?

State any three features of a good brand name.

State three characteristics of supervision.