Organising — Business Studies STD 12 Commerce — Question

Business firms should aim at long-term profit maximisation through customer satisfaction. Why?

Whether decentralisation increases the importance of subordinates or reduces it?

Which two steps in the process of controlling are concerned with compelling events to confirm to plan?

‘Best Bulbs Pvt. Ltd. was manufacturing good quality LED bulbs and catering to local market. The current production of the company is 800 bulbs a day. Sumit, the marketing manager of the company surveyed the market and decided to supply the bulbs to five-star-hotels also. He anticipated the higher demand in future and decided to buy a sophisticated machine to further improve the quality and quantity of the bulbs produced.
Identify the factor affecting fixed capital requirements of the company.

Give any one responsibility of a consumer in addition to obtaining a cash memo while purchasing an edible oil.

Name the method of training in which the trainee works directly with a senior manager and the manager takes full responsibility of the trainee.

To make the time-table in an educational institution is the example of coordination. Comment.

State first two steps in the process of planning.

What is meant by principles of management?

Is it necessary in communication that the sender and receiver of information should be face to face with each other?