Planning — Business Studies STD 12 Commerce — Question

What should a consumer do to have proof of the purchase made?

Briefly explain how delegation of authority facilitates organisation growth.

Why is proper organisation structure important?

How is the overall financial health of a business determined?

Blue Heavens Ltd. purchased a new hi-tech machine from Germany for manufacturing high quality auto components in a cost-effective manner. But during the production process, the manager observed that the quality of production was not as per standard. On investigation it was found that there was lack of knowledge amongst the employees of using these hi-tech machines. So, frequent visit of engineers was required from Germany. This resulted in high overhead charges.
Suggest what can be done to develop the skills and abilities of employees for producing high quality products by using these hi-tech machines.

What is meant by price mix?

Jupiter Ltd. is one of the largest two-wheeler manufacturer in India. It has a market share of about 42% in the two-wheeler category. The company had witnessed almost a 35% drop in the booking as the currency crunch was prompting people to withhold new purchases due to demonetisation. Therefore, the production manager of the company had decided to align production to factor in slower sales in the market.
Identify and explain the function of management being discussed in the above lines.

To see whether plans are being implemented and activities are being performed according to schedule’, is a step of planning process. Identify the step.

It merely means the granting of authority to subordinates to operate within prescribed limits. Mention the concept referred here.

Suggest two ways to improve effectiveness of communication.