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

Give meaning of the term 'Deviation' as used in the control function of management.

Define business environment.

Rajat a sales manager achieved his sales target one month in advance. This achievement was displayed on the notice board and a certificate for the best performance was awarded to him by the CEO of the company. Name the incentive provided to Rajat.

Wheat Land Pvt. Ltd. is a wheat producing company. Daily 5,000 bags of wheat weighing 10kg each are produced here. In comparison to the previous year, this year less number of bags have been produced on a per day basis. The number is around 4,500 which is less than the target of 5,000 set by the company. The company however has been able to reduce the costs involved in comparison to last year's spending on the production and packaging of each bag. The quality of bags has also been up to the mark.
Identify the concept of management ignored here.

What step is taken to reduce the list of alternative courses during planning process?

Implementing the plan is that step in planning process where other managerial functions also come into the picture. Explain with an example.

What is meant by ‘Responsibility for’?

Write a short note on ‘Management as a Discipline’.

Business environment keeps on changing whether in terms of technological improvement, shifts in consumer preferences, etc. Which feature of business environment is highlighted here?

“Planning is done for achieving the organizational goals.'