Marketing — Business Studies STD 12 Commerce — Question

Name the term/process which means integrating the economy with the rest of the world. Globalisation.

Mention any two elements of political environment.

Whose principles are more general in nature having input of flexibility?

“Management increases efficiency.” How?

The size of assets, the profitability and competitiveness, are affected by one of the financial decisions. Name and state the decision.

Shivani joins an IT firm as a system analyst after completing her masters in Computer Science. As the nature of her work demands she has to work in very close coordination with all the departmental heads in the firm. Very soon Shivani realises that each departmental head has own individual style of working. They differ greatly in their day-today approach to work. They tend to deal with a given situation, an issue or a problem through a combination of their own experience, creativity, imagination, initiative and innovation.
Identify the nature of management highlighted in the given case.

Planning lays down the base for other functions of management. Which feature of planning is highlighted here?

Give two important aspects of management.

Why are that management principles universal?

How does management help in achieving personal objectives? State.