Nature and Significance of Management — Business Studies STD 12 Commerce — Question

'The understanding of Business Environment enables the firm to identify opportunities'. What is meant by 'opportunities' here?

Enumerate three important decisions taken in financial management.

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

A company is manufacturing greeting cards. It prints 1,00,000 cards each day. But due to the arrival of Christmas and New Year, it has got an urgent order of extra 50,000 cards. Which method of recruitment do you suggest?

Management principles aim at influencing behaviour of human beings. State the feature of management principle mentioned here.

What impact can a good design of the product have?

Identify the nature of management when it is practised as personal application of existing knowledge to achieve desired results.

Shanu wants to buy an iron. As an aware customer how can he be sure about the quality of iron?

What is meant by organising as a function of management?

When is financial leverage favourable?