Financial Management — Business Studies STD 12 Commerce — Question

This principle of Taylor is an extension of principle of 'Harmony, not discord'. Name it.

While purchasing, a consumer should keep in mind his responsibilities. Mention one such responsibility.

What is meant by 'caveat venditor'?

Give a practical example from current scenario to prove that business environment helps the firm to identify threats and early warning signals.

Why is proper organisation structure important?

Which feature of planning is stressed by saying that planning is an intellectual activity of thinking rather than doing?

Why is management considered as an art?

Identify the location of the following consumers organisations.

1. VOICE
2. CERC
3. CUTS

Give the reason of why all organisations do not have similar type of organisation structure.

Rohan a sole proprietor was running food catering business in North Delhi. He got great success and profit margin in this business. Due to excess demand in the market he expanded his business and separated departments as purchase, production, finance and marketing. Which type of organisational structure would you suggest him? Enumerate its two benefits.