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

Business environment is the aggregate of external forces. (True/ False)

Why is the understanding of ‘Marketing Management Philosophies’ important?

What does financial management aim at?

"The understanding of business environment enables the firm to identify opportunities'. What is meant by 'opportunities' here?

It is defined as the management function of hiring and developing the required personnel to fill in various positions in the organisation. Mention the term.
Or
It is described as the managerial function of filling and keeping filled the positions in the organisation structure. Which function of management is referred here?

Give an example of how a non-financial incentive may also involve monetary aspect.

Mention any two measures to improve communication effectiveness.

Gemini Circus is organising shows internationally for the last thirty years. Their shows have been successful across the globe. Of late, their shows are not as popular as they were in past. After analysing they are thinking of bringing necessary changes in their shows to gain popularity and get their past image of No. 1 back.(i) Identify which two characteristics of management is reflected in above situation.(ii) Which two functions of management are indicated here?

When was demonetisation implemented in India?

To meet the objectives of the firm, the management of Angora Ltd. offers employment to physically challenged persons. Identify the organisation’s objective it is trying to achieve.