Consumer Protection — Business Studies STD 12 Commerce — Question

Lot of time and money is involved in the formulation of plans. What does this statement state about planning?

Name the type of science to which management is related.

What do you mean by 'market activities'?

Which concept of marketing suggests that an organisation should earn profit through consumer satisfaction and social welfare?

Name the organizational structure which helps in increasing managerial and operational efficiency.

Why is consumer protection important for consumers? Give anyone reason.

Name the factor due to which a petro chemical company requires much higher investment in fixed capital than an information technology company. However both may generate same amount of revenue. Explain any two factors affecting fixed capital requirement.

What is the main cause to adopt the divisional organisation structure?

‘Nothing is permanent in management.’ Give an example.