Business Environment — Business Studies STD 12 Commerce — Question

Identify the type or dimension of environment to which the following are related:

1. Banks reducing interest rates on housing loans.
2. An increasing number of working women.
3. Booking of air tickets through Internet.
4. Alcohol beverages are prohibited to be advertised on 'Door Darshan'.

Differentiate between ‘Policy’ and ‘Rule’ as types of Plans.

Why does the principle of unity of command not hold good in an organisation using technique of functional foremanship?

Give two instances of impact of changes in political environment on companies.

‘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.

Briefly explain how planning helps coordination.

State any three advantages that a functional structure offers to an organisation?

“Zero Defect Zero Effect” (ZED) is a slogan coined by the Prime Minister of India, Narendra Modi with reference to the Make in India initiative launched by the government. The slogan reflects the efficiency of production processes, i.e. the products have no defects and the process through which the product is made has zero adverse environmental and ecological effects. The ZED model aims to make India the manufacturing hub of the world and prevent the products developed in India from being rejected by the global market. Moreover, before the initiative was launched, the limits of foreign direct investment in various sectors had been relaxed. The application for licences was made available online and the validity of licences was increased to three years. Various other norms and procedures were also relaxed by the government. In the light of the above paragraph, identify and explain the major component of New Economic Policy of 1991 that are being referred to by quoting lines from the paragraph.

Visit a consumer organisation in your town. List down the various functions performed by it.

Discuss the role of ‘sales promotion’ as an element of promotion mix.