Marketing — Business Studies STD 12 Commerce — Question

Financial planning strives to achieve the twin objectives. Enumerate them.

What is the societal concept of marketing?

'Maruti Vega Ltd.' entered into the market with coloured television and have now introduced products like audio systems, air-conditioners washing machines, etc. The company is not only offering the products but also handling complaints and offering after-sales services.
Identify the element of marketing mix discussed here.

Give the meaning of ‘Decentralisation.’

Under three-tier machinery where can a legal heir or representative of a deceased consumer file a complaint when the compensation claimed is ₹ 25 lakhs.

Functional structure is suitable for those business enterprises in which large variety of products are manufactured using different productive resources. (True/ False)

Delta Cables Ltd. earned a net profit of ₹ 50 crores. Atul, the finance manager of Delta Cables Ltd., wants to decide how to appropriate these profits. Which financial decision will help him in deciding it?

Rahul, a worker, is given a target of assembling two computers per day. Due to his habit of doing things differently, an idea struck him which would not only reduce the assembling time of computers but would also reduce the cost of production of the computers. Instead of appreciating him, Rahul’s supervisor ordered him to complete the work as per the methods and techniques decided earlier as nothing could be changed at that stage. The above paragraph describes one of the limitations of the planning function of management. Name and explain that limitation.

Manager of XYZ Ltd. is over burdened with routine work and is unable to concentrate on its objectives and other important issues of the firm. To solve this problem which management concept should be followed by the manager? Also explain the related function.

Give two examples of Retirement Benefits.