Business Environment — Business Studies STD 12 Commerce — Question

Business environment enables the firm to identify opportunities and getting the first mover advantage. Justify it with an example.

Control should focus on key result areas (KRAs) which are important to the success of an organisation. Which concept is suggested here?

Even after opening up of Indian Economy, foreign companies found it extremely difficult to cut through the bureaucratic and red tapism in government offices. This discourages them from investing in IndiaIdentify the dimension of environment mention in above para.

The Finance Minister reduced the repo rate to overcome recession. This is related to which dimension of business environment?

What is dividend decision?

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

'Maruti Vega Ltd.' entered into the market with coloured television and have now introduced products like audio systems, air-conditioners washing machines, etc. The company is not only offering the products but also handling complaints and offering after-sales services.
Identify the element of marketing mix discussed here.

Define controlling.

What is organisational structure designed and established by management called as?

What is the focus of product concept?