Consumer Protection — Business Studies STD 12 Commerce — Question

The concentration of decision-making authority is called centralisation whereas its dispersal among more than one person is known as what?

Give a practical example from current scenario to prove that business environment helps the firm to identify threats and early warning signals.

What is consumer protection?

It is the process of increasing the knowledge and skills of an employee for doing a particular job.
Which process is referred to here?
OR
What helps the employees in improving their job knowledge and efficiency?

Shreemaya Hotel in Indore was facing a problem of low demand for its rooms due to off season. The Managing Director (MD) of the hotel, Mrs. Sakina was very worried. She called upon the Marketing Manager, Mr. Kapoor for his advice. He suggested, that the hotel should announce an offer of ‘3 Days and 2 Nights hotel stay packaged with free breakfast and one day religious visit to Omkarehswar and Mahakaleshwar Temples’. The MD liked the suggestion very much. Identify the promotional tool, which can be used by the hotel, through which large number of prospective pilgrimage tourists, all over the country and also abroad, can be reached, informed and persuaded to use the incentive.

At which level of management, function of directing is performed?

How is principle of ‘Unity of Command’ useful for management? Explain briefly.

How does growth opportunity of a company affects its dividend decision?

How employees get motivated through delegation of authority?

Rajat a sales manager achieved his sales target one month in advance. This achievement was displayed on the notice board and a certificate for the best performance was awarded to him by the CEO of the company. Name the incentive provided to Rajat.