Principles of Management — Business Studies STD 12 Commerce — Question

Amit is running an 'Advertising agency' and earning a lot by providing this service to big industries. State whether the working capital requirement of the firm will be 'less' or more. Give reason in support of your answer.

What is the main objective of ‘Method-Study’?

Give an example of ‘Employee Recognition Programmes’ as a non financial incentive.

In 'Chak De' movie, Shah Rukh Khan becomes the coach of the girl's hockey team. He knows that he has to prepare the girls for the international hockey match and win the cup. For this, he prepares a long term plan and thinks of ways of how to beat the opponent team. He coaches the girls to play in different ways like defensive, offensive, etc.At the outset of the match, he explains who will open the match, and how the ball will be passed by one player to another step by step.Identify all the types of plans mentioned above. State them along with lines which refer to them in the above paragraph.

What function does a representative professional association perform?

Explain the following rights of consumers:

1. Rights to be informed.
2. Right to safety.

Differentiate between 'formal' and 'informal' organisation on the basis of 'flow of communication'.

Give an importance of personal selling.

Is expense on training a wastage?

What is meant by ‘Consumer Protection’?