Controlling — Business Studies STD 12 Commerce — Question

A business must also lay emphasis on protecting the consumers and adequately satisfying them. Give one reason behind it.

How are policy and strategy connected with each other?

‘If we delegate authority, we multiply it by two; if we decentralise it, we multiply it by many’. Name the two concepts to which this statement is related.

Explain any five positive effects of liberalisation and globalisation on business and industry in India.

Government of India is seriously thinking to allow oil marketing public sector undertakings to fix their own price for petrol and diesel. Which economic LOS reform is the reason of this change in government's policy?

Differentiate between 'formal' and 'informal' organisation on the basis of 'flow of communication'.

Pragya bought an iron of a reputed brand for Rs 1500 but it caused an electric shock while it was being used. Pragya wants to exercise her ‘Right’. Identify her ’Right’ under which she can be protected.

What is the societal concept of marketing?

What role does legal environment play in the business?

The Production Manager of Bharat Ltd. instructs a salesman to go slow in selling the product, whereas the Marketing Manager is insisting on fast selling to achieve the target.
Which principle of management is being violated in the case? State any one of the consequences of violation of this principle.