Financial Market — Business Studies STD 12 Commerce — Question

'In an organisation employees are happy and satisfied, there is no chaos and the effect of management is noticeable.' Which characteristic of management is highlighted by this statement?

Name any two essential ingredients of sound working capital management.

What is formal organisation?

It is interesting to know that the menu items of the multinational food chains are customised to suit the general palates of the local people in the region. When McDonald’s started its business in India in the year 1996, the company went through a complete localisation strategy. McDonald’s changed its product menu to accommodate the vegetable burger given the large vegetarian population. It also altered its store design and even reduced the product price by close to fifteen per cent. Also , the “McAloo Tikki burger” is not available anywhere but in the Indian outlets of McDonalds.
Identify the relevant feature of business environment being discussed above.

Why are that management principles universal?

Good Living Ltd. manufactures mosquito repellent tablets. These tablets are packed in strips of 12 tablets each. Each of these strips are packed in a cardboard box, 48 such boxes are then placed in a big corrugated box and delivered to various retailers for sale.
State the purpose of packaging the tablets in a corrugated box.

What is meant by ‘Responsibility to’?

Name two websites which are commonly visited both by the prospective employees and the organisations searching for suitable people.

State any two personal barriers of communication.

What is divisional structure?