Consumer Protection — Business Studies STD 12 Commerce — Question

Explain briefly the steps involved in the process of financial planning.

State any three features of ‘Informal Organisation.’

You are asked to draw a label for a company's product (chocolate). Mention what things will you keep in mind and furnish the information on the label of a product.

Explain briefly any three organisational barriers to effective communication.

'Find wants and fill them', 'create products and sell them are the two important concepts of marketing management. Identify them and differentiate between them, on three basis.

Write any three points of the scope of Consumer Protection Act, 1986.

What is meant by ‘formal organisation’? List any two advantages of formal organisation.

An organisation is following the principle of scalar chain and principle of equity. What are the positive effects of these principles?

Somnath Ltd. is engaged in the business of export of garments. In the past, the performance of the company had been upto the expectations. In line with the latest technology, the company decided to upgrade its machinery. For this, the Finance Manager, Dalmia estimated the amount of funds required and the timings. This will help the company in linking the investment and the financing decisions on a continuous basis. Dalmia therefore, began with the preparation of a sales forecast for the next four years. He also collected the relevant data about the profit estimates in the coming years. By doing this, he wanted to be sure about the availability of funds from the internal sources of the business. For the remaining funds he is trying to find out alternative sources from outside.Identify the financial concept discussed in the above para. Also state the objectives to be achieved by the use of financial concept, so identified.

Define ‘Planning’. Explain the first two steps in the process of planning.