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

Management is 'multi-dimensional'. Explain the dimensions of management.

What is directing? Name the elements of directing.

Discuss in brief any two merits and demerits of sales promotion.

'Controlling is a pervasive function'. Explain.

Your grandfather has retired as the director of a manufacturing company. At which level of management was he working? Different type of functions are performed at this level. State any one function.

What is the purpose of a brand name?

State any three factors that influence the effectiveness of a leader.

After completing a diploma in Bakery and Patisserie, Payai sets up a small outlet at Goa Airport to provide a healthy food option to the travellers. To begin with, she has decided to sell five types of patties, three types of pizzas and low sugar muffins in four flavours. Thus, by deciding in advance what to do and how to do, she is able to reduce the risk of uncertainty and avoid overlapping and wasteful activities. But sometimes her planning does not work due to some unavoidable circumstances like cancellation of flights due to bad weather conditions, government alert etc. which adversely affects her clientele.
In context of the above case :

1. Identify and explain the points highlighting the importance of planning mentioned in the above paragraph.
2. Describe briefly the limitation of planning which adversely affects Payal’s business

Which technique of scientific management helps in eliminating superfluous varieties and making economical use of machines and tools? Identify and discuss it briefly.

What are standing and single use plans?