Controlling — Business Studies STD 12 Commerce — Question

Planning is an activity which enables a manager to look ahead and anticipate changes. Mention the benefit of planning highlighted here.

Anything that is of value to the other can be marketed. List what all can be marketed?

What is meant by ‘Method Study’?

The management of ABC Ltd. set up the target of selling 10,000 units per week and made all their plans based on this target. But due to change in technology adapted by competitors which reduced their cost, the ABC Ltd. could not achieve their target.(i) Identify the limitation of planning discussed in the above para.(ii) State any other two limitations.

Manuj bought a packet of chips from a local shopkeeper and found that the ingredients given on the label were not legible. He complained about it to the company. The company sent a written apology stating that they will make sure that existing packets are withdrawn from the market and new packets with legible labels are soon made available.
State the consumer right which Manuj exercised.

Hero Ltd.'s target is to produce 10,000 shirts per month at a cost of ₹ 150 per shirt. The Production Manager could achieve this target at a cost of ₹ 160 per shirt. Do you think the Production Manager is 'effective'? Give reason in support of your answer.

A Manager increased the production target from 500 units to 700 units per month but the authority to draw raw material was not given by him. The employees were not able to meet the new target. Who should be held responsible for this and which principle has been violated here? Explain.

According to Fayol, one principle refers to the right to give orders and obtain obedience whereas other refers to the corollary of authority. Mention their names.

What is the pre-requisite of selection?

State any two examples of services that can be marketed.