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

What is meant by 'caveat venditor'?

Isha Machines was a renowned name for quality sewing machines since 1960. Mr. Suresh, the owner of Isha Machines, was worried as the production had declined during the last three months. He directed the Production Manager to find out the reason. The Production Manager ordered the different supervisors to prepare a performance report of the workers working under them.
Identify the step taken by the Production Manager that is related to one of the functions of management.

Give one difference between Policy and Procedure.

'Introducing a scheme of 50% + 40% off by the TQS is the example of which sales promotion technique?

Out of human resource management and staffing which one is wider?

Which environment describes characteristics of the society in which the organisation exists?

Consumer has a right to acquire knowledge and to be a well informed consumer throughout life. Which consumer right does it indicate?
OR
To publish a magazine under the title 'Jago Grahak Jago' is an example of which consumer right?

Name the financial decision which will help the businessman in opening a new branch of its business.

Zoom Udyog, a car manufacturing Co., has started its business with Zoom 800 and slowly launched Zoom1000, Wagon-Z, Swy-fy etc. and offered various services like after sale service, availability of spare parts etc.
Identify the element of marketing mix referred here.

Engineer India Ltd. is engaged in manufacturing machine components the target production is 300 units per day. The company had been successfully attaining the target three months ago. Over the last three months, it has been observed that daily production varies between 220 and 250 units. Identify the management function to rectify the above situation. Briefly state the procedure of this function.