Directing — Business Studies STD 12 Commerce — Question

Kiran Industries is a company manufacturing office furniture. The company chose to diversify its operations to improve its growth potential and increase market share. As the project was important many alternatives were generated for the purpose and were thoroughly discussed amongst the members of the organisation. After evaluating the various alternatives Sukhvinder, the Managing Director of the company decided that they should add ‘Home Interiors and Furnishings’ as a new line of business activity.
Name the framework, which the diversified organisation should adopt, to enable it to cope with the emerging complexity? Give one reason in support of your answer.

State any one reason why 'Principles of Management' are important.

What is meant by ‘Financial Incentives’?

Mention one advantage of branding to customers.

Is it necessary in communication that the sender and receiver of information should be face to face with each other?

Which feature of business environment is indicated when it is stated that business environment is a phenomenon that is relatively easier to understand in parts but difficult to grasp in its totality?

Name the concept which suggests that only significant deviations which go beyond the permissible limit should be brought to the notice of management.

Name & state the aspect of financial management that provides a link between investment and financing decisions.

Different techniques were developed by Taylor to facilitate principles of scientific management. One of them is ‘Fatigue Study’. What is the objective of this study?

Which element in communication process relates to the process of converting encoded symbols of the sender?