Marketing — Business Studies STD 12 Commerce — Question

Kiran Industries is a company manufacturing office furniture. The company chose to diversify its operations to improve its growth potential and increase market share. As the project was important many alternatives were generated for the purpose and were thoroughly discussed amongst the members of the organisation. After evaluating the various alternatives Sukhvinder, the Managing Director of the company decided that they should add ‘Home Interiors and Furnishings’ as a new line of business activity.
State any two limitations of this framework.

Formal organisation has the limitation of ‘Delay in Work’. Comment.

Levis jeans hires workers for stitching in their factory. Target of stitching 100 jeans per week is given to the workers. Rate per piece is fixed at ₹ 50. But to motivate the workers, it announced that workers, stitching more than 100 jeans per week will get the rate of ₹ 55 per piece on all the jeans which they had stitched and deposited with the line managers. Parvej had a fast speed in comparision to others. By giving one hour extra, he stitched 120 pieces of jeans. So, he got 120 jeans @ ₹ 55 per piece, i.e., ₹ 6,600 in that particular week whereas his colleague Mushtaq stitched only 90 pieces and he got 90 pieces @ ₹ 50, i.e., ₹ 4,500 only.
Name the technique of management which is applied here to motivate the workers.

Name the concept which relate to the following:

1. Searching for prospective candidates
2. Streamlining the attributes of a person required for doing a job.

To make the time-table in an educational institution is the example of coordination. Comment.

What is meant by business environment?

'Management is the process of getting things done.’ State the meaning of the term ‘process’ used in this statement.

The responsibility of a firm should be divided among various levels such as top level, middle level, and lower level. Identify the concept of management function and state its importance.

Define 'Education”?

What is meant by planning?