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

Name the method of training in which the trainee learns under the guidance of a master worker.

Define job analysis.

In 'Chak De' movie, Shah Rukh Khan becomes the coach of the girl's hockey team. He knows that he has to prepare the girls for the international hockey match and win the cup. For this, he prepares a long term plan and thinks of ways of how to beat the opponent team. He coaches the girls to play in different ways like defensive, offensive, etc.At the outset of the match, he explains who will open the match, and how the ball will be passed by one player to another step by step.Identify all the types of plans mentioned above. State them along with lines which refer to them in the above paragraph.

Laxmi Chemicals Ltd., a soap manufacturing company, wanted to increase its market share from 30% to 55% in the long-run. A recent report submitted by the Research & Development Department of the company had predicted a growing trend of herbal and organic products. On the basis of this report, the company decided to diversify into new variety of soaps with natural ingredients having benefits and fragrances of Jasmine, Rose, Lavender, Mogra, Lemon Grass, Green Apple, Strawberry etc. The Unique Selling Proposition (USP) was to promote eco-friendly living in the contemporary life style. The company decided to allocate t 30 crores to achieve the objective.
Identify the type of one of the functions of management mentioned above which will help the company to acquire dominant position in the market.

Why is business environment known as ‘totality of external forces’?

Define Planning.

What is a market offering?

Divya purchased an electronic item through online shopping. At the time of delivery, she found that the item is defected. How can she file a complaint?

Give two examples of external premises.