Principles of Management — Business Studies STD 12 Commerce — Question

Give one example of liberalisation in India.

Rexol Ltd. follow a standard procedure for recruitment and selection of personnel for middle level management? Which type of plan is it?

Define 'market' in traditional sense.

In an organisation, the marketing manager instructs the sales persons to offer a discount of 8% to increase sales, however, the finance manager instructs them not to offer a discount of more than 5%. Which principle of management is being violated? State any two adverse effects which could take place in the organization due to this violation.

List two reliefs available to a consumer.

Give any two points of remedies available to consumers under Consumer Protection Act.

Give an explanation as to, why there is a little control on external factors?

‘Management is uniformly needed at all places.’ Explain.

Name any two companies who have successfully applied standardisation and simplification of work.