Organising — Business Studies STD 12 Commerce — Question

Planning is the primary function of management. Justify.

It acts as the binding force between departments and ensures that all actions are aimed at achieving the goals of the organisation. Which feature of coordination is indicated in this statement?

What is meant by Sales Promotion?

Taking the first step with self-motivation is one of the traits of an intelligent person. Which principle does it indicate?

A liquor manufacturing firm provides liquors to its employees at cheaper rates to motivate them. Which values are deficient in this plan?

The earlier approach of Caveat Emptor which means, "let the buyer beware" has now been changed to what?

What are the uncontrollable factors affecting marketing decisions called? Give two examples.

What do you mean by a product?

State two disadvantages of functional structure.

Following a pre-decided plan, when circumstances have changed, may not turn out to be in the organisations' interest. Which limitation of planning is indicated here?