Staffing — Business Studies STD 12 Commerce — Question

What is meant by 'Business Environment'?

What is meant by planning?

Give the meaning of ‘Delegation’.

State any two importance of financial planning.

Is it necessary to believe or agree with the message in order to complete the process of communication?

Explain the two principles a manager must consider while dealing with deviation effectively?

Blue Birds Ltd. offers to its employees issue of shares at a price which is less than the market price.(i) Name and explain the type of incentive offered to the employees.(ii) Explain one more incentive of the same category.

It is a process by which people create and share information with one another in order to reach common understanding. Which element of directing is referred here?

It is interesting to know that the menu items of the multinational food chains are customised to suit the general palates of the local people in the region. When McDonald’s started its business in India in the year 1996, the company went through a complete localisation strategy. McDonald’s changed its product menu to accommodate the vegetable burger given the large vegetarian population. It also altered its store design and even reduced the product price by close to fifteen per cent. Also , the “McAloo Tikki burger” is not available anywhere but in the Indian outlets of McDonalds.
Identify the relevant feature of business environment being discussed above.

It refers to the systematic delegation of authority from top management to the lower level managers. Mention it.