Financial Market — Business Studies STD 12 Commerce — Question

Define 'place' in context of marketing mix.

Explain the capital market reforms in India.

Sahil, the director of a garments company, is planning to manufacture bags for the utilisation of waste material for one of his garments unit. He decided that this manufacturing unit will be set up in a rural area of Orissa, where people have less job opportunities and labour is available at a very low rate. He also thought of giving equal opportunities to men and women.
For this, he selected S Chatterjee, Indeijeet Kaur, Aslam and Sarabjeet as heads of sales, accounts, purchase and production departments.

• Identify and state the next two steps that Sahil has to follow in the staffing process after selecting the above heads
• Also identify two values which Sahil wants to communicate to the society by settingup this manufacturing unit.

"Directing is the function of all managers of the organisation. " Do you agree with this statement? Give any three reasons in support of your answer.

An investor wanted to invest ₹ 20,000 in Treasury Bills for a period of 91 days. When he approached the Reserve Bank of India for this purpose he came to know that it was not possible.
Identify the reason why the investor could not invest in the Treasury Bill.

Steelone Enterprises is manufacturing high quality steel utensils. The demand for steel utensils is rising as people are getting aware that plastic is not good for health. This has led to increase in production of steel utensils. To encourage sales, Steelone Enterprises declared a liberal credit policy which allows three months credit to its wholesale buyers.
In the light of the above, identify the two factors affecting working capital requirements of Steelone Enterprises. State with reason, whether the factors as identified above, will result in high or low working capital requirement.

State four examples of changes in business environment that affect business enterprises.

The principles of Taylor and Fayol are mutually complementary. One believed that management should share the gains with the workers while the 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 Favol and Taylor referred to in the above paragraph.

Under the Consumer Protection Act 2019, a consumer is a person who uses or consumes goods or avails of any service. Comment.

What is critical point control?
OR
Mr. Saurabh kumar is a production manager in a big manufacturing company. He found that refreshment expenses have increased by 15% and cost of production has increased by 5%. Out of the two deviations, which deviation needs immediate attention?