Organising — Business Studies STD 12 Commerce — Question

Radhika and Vani who are young fashion designers left their job with a famous fashion designer chain to set-up a company fashionable Pvt. Ltd.' They decided to run a boutique during the day and coaching classes for entrance examination of National Institute of Fashion Designing in the evening. For the coaching Centre, they hired the first floor of a nearby building. Their major expense was money spent on photocopying of notes for their students. They thought of buying a photocopier knowing fully that their scale of operations was not sufficient to make full use of the photocopier.

In the basement of the building of 'Fashionate Pvt. Ltd.' Praveen and Ramesh were carrying on a printing and stationery business in the name of ‘Neo Prints Pvt. Ltd.' Radhika approached Praveen with the proposal to buy a photocopier jointly which could be used by both of them without making separate investment, Praveen agreed to this. Identify the factor affecting fixed capital requirements of 'Fashionate Pvt. Ltd.'

Why did Fayol introduce the concept of ‘Gang Plank’ in the principle of ‘ScalarChain’?

How ‘effective administration’ is possible through organising?

Give the meaning of ‘Placement’ as a step in the process of staffing.

Give one limitation of 'rule' as a type of plan.

What does a good inventory decision aim at?

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

What is consumer protection?

Why ‘Induction’ is not required in the internal sources of recruitment?

What do you understand by the ‘Flexibility’ of principle of management?