Staffing — Business Studies STD 12 Commerce — Question

Name the groups of public with whom business unit establishes relations.

Recently many companies have planned for significant investment in organised retailing in India. Various factors which have encouraged companies to take these decisions are customer income is increasing, rise in standard of living of people. People are ready to pay high price for quality goods, government policy of liberalisation regarding MNC entry and FDI, etc.(a) Explain briefly changes in business environment under different heads that have facilitated the companies' decision to plan significant investment in retailing.(b) What has been the impact of these changes with regards to globalisation and privatisation?

'Planning is meaningless without controlling'. How?

What is meant by ‘Planning’? List any two features of planning.

State how ‘Self-regulation by business’ acts as a means of Consumer Protection.

"The understanding of business environment enables the firm to identify opportunities'. What is meant by 'opportunities' here?

Explain in one sentence, how directing is a pervasive function of management.

Name the obstruction or hindrance to communication.

How can you say that advertising is consumer oriented?

What is meant by ‘Decoding’ as an element of communication?