Nature and Significance of Management — Business Studies STD 12 Commerce — Question

‘Exchange is the essence of marketing’. Comment.

One of the functions of management injects life in the organisation. Name that function.

Define fixed assets.

State one example of exchange of goods where buyer is a marketer.

State any two causes of fatigue.

Which principle of management aims at securing the loyalty and devotion of the employees by giving them fair and just treatment?

Appliances India Ltd. is engaged in manufacturing and distribution of home appliances since 1987. It has a good name in the market as the company is producing good quality appliances. It has separate departments for manufacturing, finance, sales, maintenance services and technical services to achieve specialization.
Since the areas of operations of the company have increased and customers have become more demanding, the company decided to modify the existing principle of management to meet the changing requirements of the environment.
State the general principle of management which the company wants to modify to meet the changing requirements.

Give one assumption of Maslow’s Theory.

Name the element of directing which refers to the ability of influencing people to strive willingly for mutual objectives.

It is a comprehensive plan for accomplishing an organisation's objectives. Mention it.