Marketing — Business Studies STD 12 Commerce — Question

In functional foremanship, 'Inspector' is responsible for timely and accurate completion of a job. (True/ False)

Why is gathering and analysing market information necessary?

State first two steps in the process of planning.

What type of plan is defined as long range blue print of an organisation's desired image, direction and destination?

Clarify the terms efficiency and effectiveness in management.

Government of India is seriously thinking to allow oil marketing public sector undertakings to fix their own price for petrol and diesel. Which economic LOS reform is the reason of this change in government's policy?

Name the organisation in which employees are allowed to communicate freely and there are no rules and regulations.

Name the function of marketing which is concerned with the cost and location of target market.

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.

As per modern view what is market?