Marketing — Business Studies STD 12 Commerce — Question

Davinder is a class twelfth commerce student in a reputed school in Punjab. Satinder is his elder brother who is doing his Masters in Hospital Administration from Delhi after completing his B.Sc course. During vacations when Satinder comes home, Davinder shows him the business studies project that he is preparing on the topic ‘Principles of Management’. Satinder tells him that these principles are also a part of MBA course curriculum at the beginner’s level as they form the core of management in practice. But he finds these principles different from those of pure science.
In context of the above case :

1. Outline the concept of principles of management.
2. Why does Satinder find the principles of management different from those of pure science ?
3. Why do the principles of management form the core of management in practice? Explain by giving any two points highlighting the importance of principles of management.

The workers of a factory remain idle because of lack of knowledge of hi-tech machines. Frequent visit of engineer is made which causes high overhead charges. How can this problem be removed.

Discuss about working capital affecting both the liquidity as well as profitability of a business.

What is meant by 'indirect channels of distribution'? Explain any two methods of indirect channels of distribution.

Even after opening up of our economy in 1991, foreign companies found it extremely difficult to cut through bureaucracy and red tapism.' Identify the element of business environment and explain it with the help of an example.

How can you say that ‘controlling is not necessarily looking back, it is looking forward also’?

State three reasons as to why study of management principles is necessary.
OR
State some of the significance of management principles.

OR
The principles of management are established on cause and effect relationship. This helps to analyse and predict the probable result of applying a particular principle in a given situation. How does it prove to be helpful to business organisations.

Staffing function is considered to be the key to other functions of management. Do you agree?

‘Through branding adds to the cost, it provides several advantages to the consumers’. In the light of this statement, state any three advantages of branding to consumers.

Discuss in brief the importance of financial management.