Marketing — Business Studies STD 12 Commerce — Question

Management of an organisation strives to achieve profit and growth. It is associated to which objective of management?

Which principle of Fayol leads to specialisation?

A sales person is asked to finalise a deal with a customer. The marketing manager allows him to give a discount upto 10% but the finance manager allows him to give discount of 5% only. Which principle is violated here?
OR
Which principle of management is violated, if a subordinate is asked to receive orders from two or more superiors?

Vegatech Enterprises was a company manufacturing refrigerators. The company had a functional structure with four main functions - Production, Marketing, Finance and Human Resource. As the demand for the products grew, the company decided to hire more employees.
Identify the concept which will help the Human Resource Manager in identifying the types of human resources necessary for the performance of various jobs and accomplishment of organisational objectives.

'An organisation interacts with external environment and adapts itself to the changing environment'. Which characteristic of management is highlighted in this statement?

Planning ensures clarity in thoughts and actions, work is carried on smoothly without interruptions. Which importance of planning is mentioned here?

Explain in one sentence how direction is a pervasive function of management.

New Industrial Policy was launched in July 1991 because India was suffering from a huge crisis situation. These situations necessitated to take immediate policy action as the country was the verge of defaulting on international financial obligations. What was the position of foreign exchange reserves during that time?

State one limitation of centralised organisation.

To make the time-table in an educational institution is the example of coordination. Comment.