Marketing — Business Studies STD 12 Commerce — Question

At which level of packing, the immediate container is referred to?

How does understanding business environment assist in planning and policy formulation?

'They don't sell what they can make, but they make what they can sell'. Name the concept to which this statement is related?

List one factor affecting price determination of a product.

Name the type of plan which provides the broad contours of an organisation’s business.

Which standard(s) is/ are used in production?

1. Quality Standards.
2. Quantity Standards.
3. Cost Standards.
4. All of the above.

List five shopping products purchased by you or your family during the last few months.

Blue Heavens Ltd. purchased a new hi-tech machine from Germany for manufacturing high quality auto components in a cost-effective manner. But during the production process, the manager observed that the quality of production was not as per standard. On investigation it was found that there was lack of knowledge amongst the employees of using these hi-tech machines. So, frequent visit of engineers was required from Germany. This resulted in high overhead charges.
Suggest what can be done to develop the skills and abilities of employees for producing high quality products by using these hi-tech machines.

As per modern view what is market?

What do you mean by key result area in the context of controlling?