Directing — Business Studies STD 12 Commerce — Question

Business firms should aim at long-term profit maximisation through customer satisfaction. Why?

Name the concept which relates to forecasting and assessing manpower needs.

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?

Managerial activities are performed in all types of organisations in all departments Sre and at all levels. Which management character is highlighted here?

Post demonitisation in a further push to cashless economy, the Central cabinet has recently approved the ordinance for paying wages via electronic means. Accordingly, the government approved to Amend Section 6 of the Payment Of Wages Act 1936, to allow employers of certain industries to make payment through the electronic mode and cheques . The new ordinance will be applicable to the public sector. Identify the various dimensions of business environment which relate to the above mentioned case.

What is meant by ‘Functional Organisation Structure’?

Which kind of appeals can be taken to the Supreme Court?

How do motives arise out?

State, what is to be informed to the consumer under 'right to be informed'.

Define 'personal selling'.