Directing — Business Studies STD 12 Commerce — Question

Define differential piece wage system.

Satnam Singh wons a fruit orchit in Shimla where finest quality of apples are grown. He plans to start 15 juice stations in different localities in Shimla, Chandigarh, Solan, etc., in partnership with his friend Gurpreet Singh. Instead of buying he plans to take shops on rent. He needs money for other inputs.
Identify any explain two factors affecting fixed capital requirement of Satnam's business discussed in above para by quoting the lines.

“Management consists of an on-going series of functions.” Which characteristic of management is highlighted by this statement?

'Interest rates significantly affects the demand for goods and services' is an example of political environment. (True/ False)

‘Various tools of communication are used by the marketers to promote their products.’ Answer the following questions:
Why do companies use all tools at the same time?

What type of communication is represented through free flow communication network?

With changes in the consumption habits of people, Neelesh, who was running a sweet shop, shifted to the chocolate business. On the eve of Diwali, he offered chocolates in attractive packages at reasonable prices. He anticipated huge demand and created a website chocolove. com for taking orders online. He got a lot of orders online and earned huge profits by selling the chocolate.
Identify and explain the dimensions of business environment discussed in the above case.

What is the objective of selection tests?

Why is gathering and analysing market information necessary?

How is Taylor's perception different from Fayol's?