Planning — Business Studies STD 12 Commerce — Question

Name the type of plan which is in the form of general statements and channelize energies towards a particular direction.
OR
Name the type of plan which is in the form of general statements, that guides thinking towards a particular direction and helps in solving routine problems.

Why did liberalisation of Indian industry took place?

State two advantages of functional structure.

Reshu's father has gifted her shares of a large cement company, with which he had been working. The securities were in physical form. She already has a bank account and does not possess any other forms of securities.She wished to sell the shares and approached a registered broker for the purpose. Mention one mandatory detail which she will have to provide with the broker.

‘Best Bulbs Pvt. Ltd. was manufacturing good quality LED bulbs and catering to local market. The current production of the company is 800 bulbs a day. Sumit, the marketing manager of the company surveyed the market and decided to supply the bulbs to five-star-hotels also. He anticipated the higher demand in future and decided to buy a sophisticated machine to further improve the quality and quantity of the bulbs produced.
Identify the factor affecting fixed capital requirements of the company.

XYZ Ltd. is a manufacturing company in Gurgaon. Its target production is 2,00,000 units per year. Due to high labour turnover in this company and in order to achieve this target, the manager has to hire part time labour on and off throughout the year which not only results in wastage of materials but also increases labour and material cost. However, the manager is able to meet the target production. Is the manager effective and efficient? Give reason in support of your answer.

What is the difference between a need and a want?

Whose principles are more general in nature having input of flexibility?

Explain the role of press in consumer protection.

Give a practical example from current scenario to prove that business environment helps the firm to identify threats and early warning signals.