Consumer Protection — Business Studies STD 12 Commerce — Question

Bhuvan Ltd. is a garment manufacturing company. The company regularly scans business environment and constantly adapts itself to the changes in environment. With all these efforts also it became difficult for company to foresee future trends. Competition in the market effects the financial plan of the company, sales targets have to be revised which in turn effect the cash budget.(i) Name and explain the limitation of planning highlighted in the above para.(ii) Identify the two types of plans mentioned in above para.

Define Motivation.

Ahmed wants to buy an iron. As an aware customer, how can he be sure about the quality of iron?

What is organisational structure designed and established by management called as?

Management principles aim at influencing behaviour of human beings. State the feature of management principle mentioned here.

Business environment includes both ‘specific and general forces.’ List any four specific forces.

State the meaning of ‘Product Promotion’ function of packaging.

What is meant by motivation?

What does 'Essential Commodities Act, 1955' aim at?

'Choice of technique’ affects the requirement of fixed capital of a company. (True/False)