Organising — Business Studies STD 12 Commerce — Question

Swaraj is running an office furniture showroom. Most of his clients are businessmen and they prefer to buy goods on credit. Keeping this in mind, he has given the power to the sales manager, Mr. Bhardwaj, to offer a credit period of only 20 days, while negotiating a deal with a buyer. On a specific day, Mr. Bhardwaj finds that if he can offer a credit period of 30 days as an exception to a prospective buyer, he is likely to finalise a highly profitable deal for the business. So Mr. Bhardwaj requests Swaraj to grant him additional authority for offering a credit period of 30 days in the interest of the business. But Swaraj refuses to extend his authority and as a result, the deal is not finalized.
In context of the above case :

1. Can Mr. Bhardwaj be held responsible for loss of the deal? Why or why not ? Give a suitable reason in support of your answer.
2. Also, explain the related principle.

Explain any four functions of financial market.Or"A financial market is for the creation and exchange of financial assets." Explain any two of its functions.

"Share Capital is better than debt capital." In the favour of this statement explain one factor which affects the capital structure.

State any three responsibilities that a consumer should keep in mind while purchasing, using and consuming goods and services.

Case 1: Suresh, a member of NGO, is involved in educating the consumers as there is widespread ignorance among them about their rights and reliefs available to them.
Case 2; Mahesh is trading in cereals and pulses for the last ten years. He assumes the moral duty of his business to take care of consumer's interest and avoids any form of their exploitation like adulteration, black marketing etc. Due to this, he has earned a good reputation in the market.

1. Which importance of consumer protection is depicted by Suresh and Mahesh?
2. Name the act which seeks to protect and promote the consumer's interest through speedy and inexpensive redressal of their grievances.

Explain when and why the need is felt for having a framework, within which managerial and operating tasks are performed to accomplish desired goals. Name this 'framework’ also.

Explain any three merits of ‘packaging’.

Explain the features of marketing.

Explain how delegation of authority is a source of development of managers.

If an organisation follows the following principles of management, state some of their positive effects on the organisation.

1. Esprit De Corps.
2. Initiative.