Controlling — Business Studies STD 12 Commerce — Question

In which principle of Fayol, there is mention about two concepts-one is the right to give orders and obtain obedience whereas the other one is the corollary of the previous one.

Royal Ltd. decided that whenever a person reaches a particular age he will be promoted. Influenced by this plan of the company, several employees from other companies also joined the firm. But within few days they realised that the firm has pre-determined relation structure without free communication.On the basis of this, answer the following questions.(a) Identify the type of organisation described here.(b) Point out any two limitations of this type of organisation.

Procter and Gamble (India) has many products such as Vicks (health care), Ariel and Tied (fabric care), pamper (baby care). While LG and Samsung use the same name for all the products be it TVs, refrigerators, washing machines. They are all sold in the name of LG or Samsung. These decision, whether to sell under different names or single name, forms an important area of marketing function. Identify it.

Mr. Rajiv is the owner of 'Laxmi Dairy.' He is producing various milk products. He always tests various ways of producing different products and chooses the best and most economical way of production. He is also very particular about fixing a place for everything and he makes sure that all the employees are given a fixed place so that there is no wastage of time and delay in production.1. Which technique of scientific management is applied by Mr. Rajiv?2. Which principle of Henry Fayol is followed by him?

It is an impersonal form of communication which is paid for by the marketers to promote some goods or services. Mention this form of communication.

Name the market which provides short term finance.

Define 'planning premises'.

Why is it said that 'Business Environment' is a 'Relative Concept'?

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

Which Act of Consumer Protection provides for the formation of 'Consumer Protection Councils in every district and state of the country?