Principles of Management — Business Studies STD 12 Commerce — Question

What does standardisation of goods ensure the buyers?

Give one difference between Policy and Procedure.

Identify the location of the following consumers organisations.

1. VOICE
2. CERC
3. CUTS

State one example of exchange of goods where buyer is a marketer.

Which feature of business environment is indicated when it is stated that business environment is a phenomenon that is relatively easier to understand in parts but difficult to grasp in its totality?

What should be the 'focus point' for a manager while controlling, as controlling at each and every step is not possible?

Give any one responsibility of a consumer in addition to obtaining a cash receipt while purchasing a washing machine.

What is meant by organising as a function of management?

Give meaning of the term ‘Deviation’ as used in the control function of management.

List any two principles of 'Scientific Management' formulated by Taylor for managing an organisation scientifically.