Business Environment — Business Studies STD 12 Commerce — Question

Manav, a post graduate in English, is successfully running his family business. All of a sudden, he thought of taking employment and got a job of finance manager in a company, on the basis of his experience and efficiency.

1. Do you think his appointment is valid?
2. Was it not necessary for him to be a part of professional association to attain the post?

Ashutosh Goenka was working in ‘Axe Ltd.’, a company manufacturing air purifiers. He found that the profits has started declining from the last six months. Profit has an implication for the survival of the firm, so he analysed the business environment to find out the reasons for this decline.

1. Identify the level of management at which Ashutosh Goenka was working.

2. State three other functions being performed by Ashutosh Goenka.

Explain ‘Increasing competition’ and ‘More demanding customers’ as impact of Government policy changes on Business and Industry.

On the job training refers to the methods of training that are applied to the workplace, while the employee is actually working. Off the job training means learning before doing and they are used away from the workplace.

Saqib Ltd. is a large creditworthy company operating in the Kashmir Valley. It is an export oriented unit, dealing in exclusive embroidered shawls. The floods in the Valley have created many problems for the company. Many craftsmen and workers have been dislocated and raw material has been destroyed. The firm is therefore, unable to get an uninterrupted supply of raw material, and the duration of the production cycle has also increased. To add to the problems of the organisation, the suppliers of raw material who were earlier selling on credit are asking the company, for advance payment or cash payment on delivery. The company is facing a liquidity crisis. The CEO of the company feels that taking a bank loan is the only option with the company to meet its short term shortage of cash.As a finance manager of the company, name and explain the alternative to bank borrowing that the company can use to resolve the crisis.

State any three points of importance of consumer protection from the point of view of consumers.

Which functions of marketing help to create 'time utility' and 'place utility'? Explain.

What are the negative effects of liberalisation and globalisation on business and industry in India?

Explain the role of universities and schools in consumer protection.

'Find wants and fill them', 'create products and sell them are the two important concepts of marketing management. Identify them and differentiate between them, on three basis.