Marketing — Business Studies STD 12 Commerce — Question

Your father wants you to do M.B.A. before joining family business. What does this show about the nature of management?

Give the features of an ideal plan.

Management of M/s R.K. Apparels who is manufacturing jeans under brand Jimmy Davis' seeks to achieve different objectives like organisational, social and personal objectives. Under personal objectives, the management ensures maximum prosperity for employees by providing competitive salary, personal growth and development, peer recognition and social recognition, good working conditions.

1. How will the above steps taken by the management benefit the individuals/ employees?
2. Will the employees feel motivated by these steps? How will it help the firm in achieving the organisational goals?

The management of ABC Ltd. set up the target of selling 10,000 units per week and made all their plans based on this target. But due to change in technology adapted by competitors which reduced their cost, the ABC Ltd. could not achieve their target.(i) Identify the limitation of planning discussed in the above para.(ii) State any other two limitations.

Give the meaning of ‘responsibility’ as an element of delegation.

“Authority flows upwards but responsibility flows downwards”. Is this statement correct?

Identify the method of sales-promotion in the following cases:
A mobile company offers a discount of ™1000 to clear off excess Inventory.

‘Management is uniformly needed at all places.’ Explain.

What does standardisation of goods ensure the buyers?