Marketing — Business Studies STD 12 Commerce — Question

What is the purpose of enacting the Consumer Protection Act, 1986?

In one of the principles of scientific management, Taylor emphasises that there should be equal division of work and responsibility between workers and management and management should work almost side by side with workers helping them. Identify the principle.

What is the importance of an organisation structure?

Varsha Jain after completing her fashion designing course from Indian Institute of Fashion Technology planned to enter into designer clothing venture. She had to address issues like her target customers, channel of distribution to be used, pricing policy etc. Identify the type of plan that Varsha Jain needs to develop to provide direction and scope to her organization in the long run.

Define the term market in modern sense.

What is included in ‘Legal Environment’ of Business? State.

Coordination and cooperation are required together in an organisation. (True/ False)

It refers to investment in long-term assets. Mention this type of capital.

Bhagwati Enterprises is a company engaged in the marketing of air-conditioners of a famous brand. The company has a functional structure with four main functions—Purchase, Sales, Finance and Staffing. As the demand for the product grew, the company decided to recruit more employees. Identify the concept which will help the Human Resource Manager to find out the number and type of personel availale so that he could decide and recruit the required number of persons for each department.

Why is dividend decision called residual decision?