Marketing — Business Studies STD 12 Commerce — Question

Employees know well in advance what they are expected to do and what are the standards of performance on the basis of which they will be appraised, which in turn helps them to give better performance. Which importance of controlling is highlighted here?

Planning is an empty exercise without this function of management. Mention this function.

Planning cannot foresee or assess future trends in the environment and thus there may be obstacles to effective planning. Mention the limitation of planning referred here.

What should be done while taking corrective action in the process of controlling when especially in the important areas deviations go beyond the acceptable range?

Define job description.

Departmental managers are included at which level of management?

Which source of recruitment has the benefit of ‘wider choice’?

Darshit wants to buy a packet of juice. As an aware customer how can she be sure about the quality of juice he wants to buy?

It refers to the use of scientific methods in decision-making to resolve management problems rather than depending on rule of thumb or trial and error methods. Name it.

'The understanding of Business Environment enables the firm to identify opportunities'. What is meant by 'opportunities' here?