Planning — Business Studies STD 12 Commerce — Question

Why did Fayol introduce the concept of 'Gang Plank’ in the principle of 'Scalar Chain'?

Define 'liberalisation' as a process of economic reforms in one sentence.

What does the principle of ‘Initiative’ indicate?

Give the name of environment that provides the framework, within which the business has to function?

What is the main cause to adopt the divisional organisation structure?

Which activities are included in promotion of products?

What is organisational structure designed and established by management called as?

Suman bought a box of cheese of a reputed brand from a local shopkeeper. On opening the box she found a piece of stone in the cheese. She reported the matter to the shopkeeper who forwarded her complaint to the concerned company. Within a week the representative of the company visited Suman’s residence with an apology and as a replacement offered her a new cheese pack with four other varieties of cheese as compensation for the inconvenience to her.State the consumer right which Suman exercised.

Physical distribution as a function of marketing involves two major decision areas. List these decision areas.

Out of Training and Development, which one is known as future oriented process?