Principles of Management — Business Studies STD 12 Commerce — Question

Suhani works as a designer in an export house. As per the terms of an order received by the export house, she has to get 1,000 units of denim jackets made in 15 days @ ₹ 2,000 per jacket. She is able to complete her target production in 20 days because in order to complete the order in 15 days she would have made the workers work over time. As a result, the cost of production per jacket may have increased by ₹ 100.
Is Suhani efficient in her work? Explain by giving a suitable reason in support of your answer.

What is meant by 'management of Work'?

Distinguish between the concepts ‘product and production in Marketing keeping following as the base:

1. Focus.
2. Means.
3. Ends.

An educational institution, the business organisation, hospitals, clubs, etc. all needed to be managed,Which characteristic of management is highlighted here?

Define political environment.

What do you mean by grapevine?

Cost of debt is lower than the cost of equity share capital. Give reasons, even then a company cannot work only with debt.

What is technological environment? Give an example for the same.

India’s retail sector has been undergoing structural changes for the last two decades. On one hand, the ‘mall culture’ has gradually become a way of life, especially in the metros and mini¬metros. On the other hand, there is accelerated growth in e-business as customers also prefer to buy products and services via the Internet, telephone and television. However, operating in either of the segments is marked by the presence of strong competitors.
Identify the components of specific forces and general forces being discussed in the above paragraph.

'A manager should replace "I" with "we" in all his conversation to encourage team spirit.' Identify the principle of management emphasised here.