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

'If we delegate authority, we multiply it by two; if we decentralise it, we multiply it by many. How? Hongkol.

Rakhi was in hurry. She went to a shop and bought a packet of cream biscuits. On opening the packet, she found that the biscuits were stale and a foul smell was coming In this context, state some of the responsibilities, which she should keep in mind while purchasing the biscuits.

Explain the following rights of a consumer as provided under Consumer Protection Act 1986:Right to Consumer Education.

What are the elements of direction?

Bharat is running an ice cream parlour in a local market. Keeping in mind the changing perceptions about health among the people, one of his employee Abhiraj suggests to him that they should introduce a range a flavoured yogurt. Bharat accepts his suggestion as a result both the image and the profitability of his business increases.
In the context of the above case :

1. Identify the feature of management which is being highlighted.
2. State the related dimension of the business environment.
3. Name and explain the related principle of general management.

Explain briefly any three functions of management.

What is meant by ‘Production Concept’ of marketing?

Aman and Naman are good friends. Considering the fact that the activities involved in managing an enterprise are common to all organisations, after completing their masters in business management, both of them take up a job at managerial level in different organiasations as per their individual areas of interest. Aman takes up a marketing job in a retail company and strives to increase sales whereas Naman joins an NGO and works diligently to realise its objective related to providing employment to specially abled persons. Both of them have to perform a series of continuous, composite, but separate functions. On some days, Aman may spend more time in planning a future display layout and on another day, he may spend time in sorting out an employee's problem. Both Aman and Naman make conscious efforts to build a feeling of team spirit and coordination among diverse individuals with different needs who work under them. The effect of their management is noticeable in their respective departments as the targets are met according to plans, employees are happy and satisfied, and there is orderliness in its functioning rather than chaos.
Identify the various features of management highlighted in the above paragraph by quoting lines from it.

What does the pyramid (Δ) form of levels of management indicate?

What is the purpose of packaging a product?