Organising — Business Studies STD 12 Commerce — Question

Distinguish between marketing and selling.

Explain, in brief, any five types of plans.

'Abhishek Ltd.' is manufacturing cotton clothes. It has been consistently earning good profits for many years. This year too, it has been able to generate enough profits. There is availability of enough cash in the company and good prospects for growth in future. It is a well-managed organisation and believes in quality, equal employment opportunities and good remuneration practices. It has many shareholders who prefer to receive a regular income from their investments.
It has taken a loan of Rs. 50 lakhs from I.C.I.C.I. Bank and is bound by certain restrictions on the payment of dividend according to the terms of the loan agreement.
The above discussion about the company leads to various factors which decide how much of the profits should be retained and how much has to be distributed by the company.
Quoting the lines from the above discussion, identify and explain any four such factors.

What is meant by ‘Budgetary Control’? State its four advantages.

Differentiate between ‘Capital Market’ and ‘Money Market’ on the basis of the following:

1. Meaning.
2. Liquidity.
3. Safety.
4. Expected Return.
5. Duration.

The court passed an order to ban polythene bags as

1. These bags are creating many environmental problems, which affect the life of people in general.
2. Society, in general, is more concerned about the quality of life.

The government decided to give subsidy to jute industry to promote this business.

1. Innovative techniques are being developed to manufacture jute bags at low rates.
2. Incomes are rising and people can afford to buy these bags.

Identify the different dimensions of business environment by quoting the lines from the above particulars.

Kanu is appointed as factory manager in a gel pen manufacturing company. He was given a target of producing one lakh gel pens per month. He knew that ‘the essence of management is to achieve desired results’ but he does not know ‘how to ensure that the work goes on according to plans’.
Guide him by explaining the process so that he will be able to achieve the desired results.

State any five points which clarify how understanding of Business Environment helps the managers.

Aman Chadha started 'Bulls Eye' a company for providing cybersecurity solutions to businesses. Its objective is to prevent, detect and respond to cyber-attacks and protect critical data. He was a hardworking software engineer and an expert in cybersecurity. His reputation grew by leaps and bounds as he was not only a person of integrity but also did his work with utmost honesty and sincerity. The business started growing day by day.
He was delighted when he was offered a big project by the Ministry of Defence. While working on the project, he found that the volume of work made it impractical for him to handle all the work by himself. He decided to expand the team. The company maintained a close liaison with a local engineering college. During a campus placement, Ishan and Vrinda were appointed to work for the new project.
He found the new employees capable, enthusiastic and trustworthy. Aman Chadha was thus, able to focus on objectives and with the help of Ishan and Vrinda, the project was completed on time. Not only this Aman Chadha was also able to extend his area of operations. On the other hand, Ishan and Vrinda also got opportunities to develop and exercise initiative.
i. Identify and briefly explain the concept used by Aman Chadha in the above case which helped him in focusing on objectives.
ii. Also, state any four points of importance of the concept identified in (i) above.

Briefly explain the following:

1. Liberalisation
2. Privatisation
3. Globlisation.