Marketing — Business Studies STD 12 Commerce — Question

Name any two main management institutes of India.

What is meant by ‘Consumer Protection’?

Sandeep purchased a Diesel Car for ₹7 lakhs from an Automobile Co. and found that engine is defective. Despite many complaints the defect was not rectified. Suggest him the appropriate authority where he can file the complaint under Consumer Protection Act.

This technique of scientific management tries to find out one best way of doing the job. Name it.

State the type of barrier mentioned in the following statements:

1. These are concerned with encoding/ decoding of messages.
2. A worried person cannot communicate properly.
3. Authority relationships and rules and regulations obstruct communication.
4. Personal factors of both sender and receiver.

What is dividend decision?

Levis jeans hires workers for stitching in their factory. Target of stitching 100 jeans per week is given to the workers. Rate per piece is fixed at ₹ 50. But to motivate the workers, it announced that workers, stitching more than 100 jeans per week will get the rate of ₹ 55 per piece on all the jeans which they had stitched and deposited with the line managers. Parvej had a fast speed in comparision to others. By giving one hour extra, he stitched 120 pieces of jeans. So, he got 120 jeans @ ₹ 55 per piece, i.e., ₹ 6,600 in that particular week whereas his colleague Mushtaq stitched only 90 pieces and he got 90 pieces @ ₹ 50, i.e., ₹ 4,500 only.
Name the technique of management which is applied here to motivate the workers.

Volvo Ltd’s target is to produce 10,000 shirts per month at a cost of’ 100 per shirt. The production manager achieved this target at a cost of’ 90 per shirt. Do you think the production manager is effective? Give one reason in support of your answer.

What is meant by financial planning?

To face the competition given by Apple Inc., Samsung has to regularly update its technology. How does this affect Samsung's fixed capital requirements?