Planning — Business Studies STD 12 Commerce — Question

The production manager of ABC Ltd. instructs a salesman to go slow in selling the product, whereas the marketing manager is insisting on fast selling to reach the target.
Which principle of management is being violated in this case? State any two consequences of the violation of this principle.

State two advantages and disadvantages of free-rein leadership.

Being a 'management guru', you feel that the adopted plan is not suitable for company's growth. Suggest an ideal plan for your company and briefly discuss its characteristics.

Explain the importance of interview in the selection process.

Name the type of formal communication illustrated in the following examples.

1. Application for grant of leave.
2. Sending notice to employees to attend a meeting.
3. A production manager contacting a marketing manager to prepare a schedule for production.

State the steps in the selection procedure, after the employment interview and before the job offer.

Ashutosh Goenka was working in ‘Axe Ltd.’, a company manufacturing air purifiers. He found that the profits has started declining from the last six months. Profit has an implication for the survival of the firm, so he analysed the business environment to find out the reasons for this decline.

1. Identify the level of management at which Ashutosh Goenka was working.

2. State three other functions being performed by Ashutosh Goenka.

Explain how planning reduces the risk of uncertainty.

Marketing is the central point of concern in the context of development of economy. Comment.
OR
Discuss the role of marketing in economic growth.

If an organisation follows the following principles of management, state some of their positive effects on the organisation.

1. Esprit De Corps.
2. Initiative.