Planning — Business Studies STD 12 Commerce — Question

What are the elements of direction?

How does 'marketing' help in satisfying wants of people?

“The approach of Caveat Emptor has been changed to Caveat Venditor.' What do the two approaches mean? Why such a radical change has taken place?

Progress Ltd. is facing difficulties in introduction of machinery of latest technology as they are facing resistance from the informal groups who are pressurising the members to work against organisational interests. As the Human Resource Manager of the company would you advise the management of the company to confront them or give them some other suggestion to deal with the informal groups.

What is meant by ‘political environment’ of business?

Govind purchased a book from a book-seller and got the cash memo of ₹400 which he paid for the book. Later, he found that the actual price of the book is ₹380 but the book-seller had put a sticker of ₹400 on the original price. Can Govind recover the extra money that he paid? What other options are available to him against book-seller if he is refused to give the extra money he paid?

Give the full form of the following abbreviations.

1. NSEI.
2. OTCEI.
3. NASDAQ.

A production manager pays less than the minimum wages and gets their signatures on minimum wages. Which values are not being followed by him?

ILT Ltd is a small enterprise. Suggest whether this company can afford to install an expensive control system or not.

Manav, a post graduate in English, is successfully running his family business. All of a sudden, he thought of taking employment and got a job of finance manager in a company, on the basis of his experience and efficiency.

1. Do you think his appointment is valid?
2. Was it not necessary for him to be a part of professional association to attain the post?