Marketing — Business Studies STD 12 Commerce — Question

Mr Sandhu worked as a manager in a company manufacturing stationery items for 10 years. Later he thought of starting his own business as he acquired the skills and expertise in past years. He started his own venture. He divided the organisation into six major departmentsProduction, Purchase, Marketing, Legal, Human resource and Finance. After a month, he called upon the meeting of all the departmental heads in his office and told the production marketing and finance department managers to be very vigilant as their departments are critical to the success of the business. Shortcomings in Purchase, Personnel or Legal department would not affect much the success of business. Therefore, Mr Sandhu determined deviation tolerance limits for the critical departments.1. Identify the two functions of management referred above.2. Describe the relevant concept of the identified functions.

For whom is internship suitable?

"An important task in the marketing of goods relates to designing the label as it provides useful and detailed information about the products". In the light of this statement, draw a label for "Tea" and highlight the important information to be provided on it.

Define ‘Selection’.

Leader plays a key role in introducing required changes in the organisation. How?

The responsibility of a firm should be divided among various levels such as top level, middle level, and lower level. Identify the concept of management function and state its importance.

Which principle suggests that there should be one and only one boss for every individual employee?

Which type of training is a joint programme of training in which educational institutions and business firms cooperate?

What do you mean by External Sources of Recruitment?

Give the meaning of ‘Programme’ as a type of plan.