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

State how ‘Self-regulation by business’ acts as a means of Consumer Protection.

What is meant by Employee Development?

Control should focus on key result areas (KRAs) which are important to the success of an organisation. Which concept is suggested here while analysing deviations in performance of activities?

Satnam Singh wons a fruit orchit in Shimla where finest quality of apples are grown. He plans to start 15 juice stations in different localities in Shimla, Chandigarh, Solan, etc., in partnership with his friend Gurpreet Singh. Instead of buying he plans to take shops on rent. He needs money for other inputs.
Identify any explain two factors affecting fixed capital requirement of Satnam's business discussed in above para by quoting the lines.

Vaibhav Garments Ltd/s target is to produce 10,000 shirts per month at a cost of ?150 per shirt. The production manager could achieve this target at the cost of ?160 per shirt. Do you think the production manager is effective? Give reasons for your answer.

How does elasticity of demand affect price level?

For the last three years, Elpis Technology Solutions p(Ltd.) is not functioning smoothly and systematically. The relations between management and employees are becoming bitter day by day. After a complete analysis, it was observed that employees are not working effectively and efficiently and management is not fulfìlling its commitment of increments and promotions,

(1) Which management principle is being ignored in the given case ?
(2) Can the problem be solved if only management becomes serious in fulfilling its promises? What should be the appropriate course of action to achieve smooth and systematic functioning of Mahagun Industries ?

What is meant by planning?

State any two personal barriers of communication.

What is the total number of elements of directing?