Nature and Significance of Management — Business Studies STD 12 Commerce — Question

Haldiram is selling fast food to the customers. Write the name of channel of distribution used by the company.

Name the process of designing and maintaining an environment in which individuals working in groups, efficiently accomplish selected aims.

What is meant by management?

Explain, in brief, the term ‘supervision’ as an element of directing.

‘Gallant’ is a well known FMCG (Fast Moving Consumer Goods) company in India. However, for the past few years its profitability is diminishing due to the presence of a new company ‘Prakritik’. ‘Prakritik’ has gradually acquired a reasonable share in a wide variety segments like soaps, shampoos, detergents, dish wash and oral care. One of the key reason is that ‘Prakritik’ has positioned itself as a natural/Ayurvedic brand and this approach has worked well with the Indian consumer. In order to compete with this threat ‘Gallant’ has acquired a premium Ayurvedic brand ‘Madhumita’ from another group. Moreover its likely to increase its advertising budget to counter the threat from ‘Prakritik’.
In the context of the above case :

1. Identify the related component of the business environment which has contributed effectively towards the success of Prakritik.
2. Also, state the two ways in which ‘Gallant’ has responded to the changes in its business environment.

Mention the consumer right which entitles a consumer to have complete information about the product he intends to buy.

How do rising prices affect the requirement of working capital of an organisation?

What is meant by “Standards in the process of controlling?

Identify the method of sales-promotion in the following cases:
A customer gets ₹ 5 off on return of an empty wrapper while making a new purchase of the same product.

National commission redresses the grievances of what amount?