Directing — Business Studies STD 12 Commerce — Question

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.

A company needs a detailed plan for its new project-construction of shopping mall. What type of plan is it?

_______ leader gives orders only after consulting the group and works out the policies with the acceptance of the group.

Why is "management called a group activity”?

What is meant by Supervision?

Give one limitation of external sources of recruitment.

'Every organisation whether it is business or non business should use environmental friendly methods of production, give employment opportunities and provide basic amenities like schools and creches to employees.' Name the objective of management indicated here.

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

In an organisation, the marketing manager instructs the sales persons to offer a discount of 8% to increase sales, however, the finance manager instructs them not to offer a discount of more than 5%. Which principle of management is being violated? State any two adverse effects which could take place in the organization due to this violation.

Maruti Vega Ltd.’ entered into the market with coloured television and have now introduced products like audio systems, air-conditioners washing machines, etc. The company is not only offering the products but also handling complaints and offering after-sales services. Identify the element of marketing-mix discussed here.