Principles of Management — Business Studies STD 12 Commerce — Question

'Find wants and fill them', 'create products and sell them are the two important concepts of marketing management. Identify them and differentiate between them, on three basis.

From the business aspect, what is the need of studying political environment?

Mega Ltd. manufactured water-heaters. In the first year of its operations, the revenue earned by the company was just sufficient to meet its costs. To increase the revenue, the company analysed the reasons behind the less revenues. After analysis, the company decided :

1. to reduce the labour costs by shifting the manufacturing unit to a backward area where labour was available at a very low rate.
2. to start manufacturing solar water-heaters and reduce the production of electric water- heaters slowly.

This will not only help in covering the risks but also help in meeting other objectives.

1. Identify and explain the objectives of management discussed above.
2. State any two values which the company wanted to communicate to society.

"Controlling is forward looking". Discuss.

Write any three features of public relations.

Name the Levels of management engaged in:

1. Determining Policies.
2. Assembling Resource.
3. Interpreting Policies.

Explain in brief any three functions of packaging.

Explain the principle of management-remuneration of employees.

State any three advantages that a functional structure offers to an organisation.

“Management is a profession.” Do you agree? Give reasons in support of your answer.