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

Name the marketing function which is concerned with informing the customers about the firm’s products.

What is the focus of product concept?

Amrit filed a case against ‘Volvo Ltd.’ in the ‘State Commission’. But he was not satisfied with the orders of the ‘State Commission’.
Name the authority to which he can appeal against the decisions of ‘State Commission.’

There has been an increase in corporate form of business. What does it imply?

'Planning is meaningless without controlling'. How?

Sujata works as a designer in an export house. As per the terms of an order received by the export house, she has to get 1000 units of denim jackets made in 15 days @ ? 2000 per jacket. She is able to complete her target production in 20 days because in order to complete the order in 15 days she would have made the workers work over time. As a result, the cost of production per jacket may have increased by ? 100.
In the context of the above case :
Is Sujata efficient in her work? Explain by giving a suitable reason in support of your answer.

Give the meaning of ‘Responsibility’ as an element of delegation.

Which company is in a position to declare high dividends?

Shivani joins an IT firm as a system analyst after completing her masters in Computer Science. As the nature of her work demands she has to work in very close coordination with all the departmental heads in the firm. Very soon Shivani realises that each departmental head has own individual style of working. They differ greatly in their day-today approach to work. They tend to deal with a given situation, an issue or a problem through a combination of their own experience, creativity, imagination, initiative and innovation.
Identify the nature of management highlighted in the given case.

How is the price of securities determined in the secondary market?