Controlling — Business Studies STD 12 Commerce — Question

Distinguish between formal and informal organisations on the basis of ‘leadership’.

Laxmi Chemicals Ltd., a soap manufacturing company, wanted to increase its market share from 30% to 55% in the long-run. A recent report submitted by the Research & Development Department of the company had predicted a growing trend of herbal and organic products. On the basis of this report, the company decided to diversify into new variety of soaps with natural ingredients having benefits and fragrances of Jasmine, Rose, Lavender, Mogra, Lemon Grass, Green Apple, Strawberry etc. The Unique Selling Proposition (USP) was to promote eco-friendly living in the contemporary life style. The company decided to allocate t 30 crores to achieve the objective.
Identify the type of one of the functions of management mentioned above which will help the company to acquire dominant position in the market.

What do you mean by single chain communication network?

List any two organisational objectives of management.

Why is "management called a group activity”?

What is the purpose of enacting the Consumer Protection Act, 1986?

Give any two sources of external sources of recruitment.

Explain in brief ‘Management as a Process'.

What is meant by 'caveat venditor'?

Alliance Ltd. is engaged in manufacturing plastic buckets. The objective of the company is to manufacture 100 buckets a day. To achieve this, the efforts of all departments are coordinated and interlinked, and authority responsibility relationship is established among various job positions. There is clarity on who is to report to whom.
Name the function of management discussed above.