Nature and Significance of Management — Business Studies STD 12 Commerce — Question

Jupiter Ltd. is one of the largest two-wheeler manufacturer in India. It has a market share of about 42% in the two-wheeler category. The company had witnessed almost a 35% drop in the booking as the currency crunch was prompting people to withhold new purchases due to demonetisation. Therefore, the production manager of the company had decided to align production to factor in slower sales in the market.
Identify and explain the function of management being discussed in the above lines.

Who has developed general principles of management?

Zoom Udyog, a car manufacturing Co., has started its business with Zoom 800 and slowly launched Zoom1000, Wagon-Z, Swy-fy etc. and offered various services like after sale service, availability of spare parts etc.
Identify the element of marketing mix referred here.

Define ‘co-ordination.’

Name the principle of scientific management which emphasises on the study and analysis of methods rather than estimation.

What are single use plans?

Planning is not a solution to all the problems'. ‘Planning is not a useless exercise despite its limitations'. Which of the these statements is correct?

A plan is framed, it is implemented and is followed by another plan and so on. Mention the feature of planning indicated here.

'Management is multi-dimensional'. Enumerate any two dimensions of management.

Upasana filed a case against 'Volvo Ltd.' in the State Commission'. But she was not satisfied with the orders of the 'State Commission'. Name the authority to which she can appeal against the decisions of 'State Commission'.