Principles of Management — Business Studies STD 12 Commerce — Question

What is meant by ‘Feedback’ in communication process?

Which source of recruitment has the benefit of ‘wider choice’?

Voltech India Lid is manufacturing LED bulbs to save electricity and running under heavy losses. To revive from the losses, the management thought of shifting the unit to a backward area where labour is available at a low cost. The management also asked the workers to work overtime without any additional payment and promised to increase the wages of the workers after achieving its mission. Within a short period the company started earning profits because both the management and the workers honoured their commitments.

• State the principle of management described in the above para.
• Identify any two values that the company wants to communicate to the society.

Give two examples of business associations which lay down for their members the guidelines in their dealings with the customers.

Define ‘Training'.

Name the function of marketing which is concerned with the cost and location of target market.

A manager applies the various theories of management in his unique personalised way. What aspect of nature of management does this statement indicate?

Which element in communication process relates to the process of converting encoded symbols of the sender?

‘Buy one get one free’ is printed on the label of the package of a mosquito repellant.
State the labelling function being performed by this statement.

State the first two steps in the process of planning.