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

Which main standards are used in various functional areas?

“Organisation is a machine of management”. Comment.

State how planning
(I) reduces creativity
(II) leads to rigidity.

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

State with reasons your choice of a media of advertising for selling of soft drinks.

Explain in brief, ‘management’ as a group of people having managerial responsibility for an enterprise.

What is meant by "marketing concept"?

Kiran Industries is a company dealing in office furniture. The company chose to diversify its operations to improve its growth potential and increase market share. As the project was important, many alternatives were generated for the purpose and were thoroughly discussed amongst the members of the organisation. After evaluating the various alternatives, Sukhvinder, the Managing Director of the company, decided that they should add ‘Home Interiors and Furnishings’ as a new line of business activity.

1. Name the framework, which the diversified organisation should adopt, to enable it to cope with the emerging complexity? Give one reason in support of your answer.
2. State any two limitations of this framework

Explain how Principles of Management:

1. Provide useful insights into reality and
2. Help in thoughtful decision making.

'Demand for reservation in jobs for minorities' refers to an example of key component of general environment of business. Name and explain the component.
OR
'Equal pay for equal work for male and female workers' refers to an example of a key component of general environment of business. Name and explain the component.