Marketing — Business Studies STD 12 Commerce — Question

What does the term 'Span of management' refer to?

'Financial market plays an important role in the allocation of scarce resources in an economy by performing many important functions.' Explain any three such functions.

Harish, the director of a company, is planning to manufacture stuffed toys for utilising waste materials from one of his garment factories. He decided that this manufacturing unit will be set-up in a rural area so that people of that area will have more job opportunities. For this, he selected Rehman, Anita Banerjee, Harpreet Kaur and Umesh (a differently abled but very intelligent and creative person in designing) as the heads of Sales, Accounts, Purchase and Production Departments respectively.

1. Identify and state the next three steps that Harish has to follow in the staffing process after selecting the heads of different departments.
2. Identify any two values that Harish wants to communicate by setting-up this manufacturing unit.

Enumerate any six points of the characteristics of coordination.

Briefly, explain any three objectives of marketing management.

State the steps in the selection procedure, after the employment interview and before the job offer.

Write short note on ‘management as an activity’.

An organisation is following the principle of scalar chain and principle of equity. What are the positive effects of these principles?

State three characteristics of supervision.

Explain how ‘Management by Exception’ in helps in controlling process.