Business Environment — Business Studies STD 12 Commerce — Question

What is ‘Market Offering’?

What are general and specific forces of business environment?

Following a pre-decided plan, when circumstances have changed, may not turn out to be in the organisations interest. Which limitation of planning is indicated here?

Name the concept which relate to the following:

1. Searching for prospective candidates
2. Streamlining the attributes of a person required for doing a job.

A Stock Exchange is a place where financial assets can be converted into cash. It helps in fixing the market value of securities and helps to know the economic growth of any country.(i) State the functions of state exchange refused in above para.(ii) State any other two functions of Stock Exchange.

Post demonitisation in a further push to cashless economy, the Central cabinet has recently approved the ordinance for paying wages via electronic means. Accordingly, the government approved to Amend Section 6 of the Payment Of Wages Act 1936, to allow employers of certain industries to make payment through the electronic mode and cheques . The new ordinance will be applicable to the public sector. Identify the various dimensions of business environment which relate to the above mentioned case.

Define Financial Management.

'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.

Define ‘objectives' as types of plans.

How do working capital decisions affect the business?