Marketing — Business Studies STD 12 Commerce — Question

What are financial incentives?

Implementing the plan is that step in planning process where other managerial functions also come into the picture. Explain with an example.

To encourage innovation and creativity, Sunshine Enterprises has set up a team called 'incubators'. They are specially selected senior executives of the company whose responsibility is to ensure that the innovative ideas are generated by the employees.
The company rewards and encourages the employees through its recognition and reward.

1. What element of directing is being used by Sunshine Enterprises.
2. Identify two ways in which this element is being implemented.

Give an example of positive motivation.

How is interest coverage ratio computed?

What is meant by ‘follow-up action’ as the step involved in the planning process?

Give any two reasons why staffing is needed in an organisation.

Define message.

How does elasticity of demand affect price level?

It is not always true that just because a plan has worked before, it will work again. Which demerit of planning is highlighted here?