Organising — Business Studies STD 12 Commerce — Question

What does the term ‘Span of Management’ refer to?

Business environment enables the firm to identify opportunities and getting the first mover advantage. Justify it with an example.

How can art of management be acquired?

Which quality enables the leader to grab opportunities?
OR
A good leader does not wait for opportunities but creates them'. Which quality of a good leader is highlighted by this statement?

When Suman opened the door on hearing the doorbell, a person was standing who was selling Brittanica 'Encyclopaedia'. He was also offering - that on buying one 'World Encylopaedia' you will get 'Animal encyclopaedia'free. Brittanica is using which element of promotion mix.
OR
Which tool of communication is used to give face to face information to customer about the product?

What is included in ‘Legal Environment’ of Business? State.

It is the process of increasing the knowledge and skills of an employee for doing a particular job.
Which process is referred to here?
OR
What helps the employees in improving their job knowledge and efficiency?

What is important while analysing deviations in controlling?

Policies are guides to managerial action and decisions in the implementation of strategy. Support with an example.

After completing a course in Travel and Tourism, Vaibhav started his own travel agency. In order to ensure smooth functioning of his business, he decided to create fourteen job positions divided into four departments on the basis of functions namely front office department, including online query, reservation department, accommodation booking department and securing payment department. In order to avoid conflicts, he clearly assigned the line of authority and area of responsibilities for each job position.(a) Which function of management is being described in the above lines?(b) Identify the framework created by Vaibhav.(c) Name the type of framework created by Vaibhav.(d) Give two advantages of that frame work.