Principles of Management — Business Studies STD 12 Commerce — Question

Explain any four points which highlight the nature of ‘Principles of Management’.

“Formal organisation is considered better than informal organisation”. Do you agree with this statement? Give reasons.

Principles of Taylor and Fayol are mutually complementary. One believed that the management should share the gains with the workers, while other suggested that employees compensation should depend on the earning capacity of the company and should give them a reasonable standard of living. Identify and explain the principles of Fayol and Taylor referred to in the above para.

Explain the following as factors affecting dividend decision:

1. Stability of earnings;
2. Growth opportunities;
3. Cash flow position and.
4. Taxation policy.

The organic food market in India is growing at 25-30 per cent which reflects a clear shift in consumer tastes and preferences. The current growth in the organic food market is driven by multiplicity of factors like rising health consciousness, changing lifestyles, increase in disposable income and growing availability of organic food products in shopping malls, retail outlets and online. Identify and explain the features of business environment being referred to here.

Explain any four factors affecting determination of the price of a product or service.

How does branding help in Creating product differentiation? Does it help in marketing of goods and services? Discuss.

Explain the principles of Directing?

‘A toy car free with ‘Maggi Noodles’ is an example of one of the techniques of Sales Promotion. Name the technique and explain two other techniques with examples.

Recently, many companies have planned for major investment in retail business. Increasing incomes, rise in living standards, government policy of liberalisation and its favourable attitude towards modernisation has favoured their decision.
Identify the various dimensions of business environment and explain their effect on businesses.