CBSE Class-12 Business-Studies: Questions 384 - 392 of 442

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Question number: 384

» Principle's of Management » Taylor's Scientific Management

Appeared in Year: 2011

Essay Question▾

Describe in Detail

Explain any two techniques of Taylor’s Scientific Management.

Explanation

The following techniques of Taylor’s scientific management:

(1) Time study: - In this technique Taylor highlighted need for setting time limit for completing a job. Help of time-measuring tools, considerable reading was taken for calculating average. This is determining number of workers to be employed for a particular project.

(2)… (45 more words) …

Question number: 385

» Management and Business Environment » Business Environment

Appeared in Year: 2011

Essay Question▾

Describe in Detail

“Internal sources of recruitment are better than external sources of recruitment. ” Explain any five reasons in support of this statement.

Explanation

The following points of how Internal sources of recruitment are better than external sources of recruitment.

(1) Motivation: - A promotion to motivate the selected employee to put in his or her best effort at work. It increases the efficiency and productivity of an organization.

(2) Low cost: - Vacancies… (102 more words) …

Question number: 386

» Marketing Management » Concept & Functions

Essay Question▾

Describe in Detail

Briefly explain any three Objectives of marketing management.

Explanation

Objectives of marketing management are given below: -

(1) To ensure consumer satisfaction: - This marketing management is to ensure consumer satisfaction. Marketing manager make study of need of the consumers.

(2) To increase the market share: - Increase in market share means increase in sales. The aim of marketing… (54 more words) …

Question number: 387

» Marketing Management » Marketing Mix » Product (Branding, Labelling & Packing)

Appeared in Year: 2011

Essay Question▾

Describe in Detail

Name the element of Marketing-mix in which a set of firms and individuals creates possession, place and time utility and helps in market offering. Also explain any five important functions performed by this element.

Explanation

The element of Marketing-mix in which a set of firms and individuals creates possession, place and time utility and helps in market offering is place or physical distribution.

Its function is given below: -

(1) Arranging goods: - An intermediary first receives goods from sources and sorts the goods into… (136 more words) …

Question number: 388

» Principle's of Management » Principle of Management

Appeared in Year: 2011

Essay Question▾

Describe in Detail

What is meant by ‘Functional Structure’ of an organization? State any five advantages of this form of organizational structure.

Explanation

Functional structure means grouping functions of nature. Advantages of functional organization structure are given below: -

(1) Allows for specialization: - In this function of department of organization each department is formed on basis of similar functions and specialize in its work.

(2) Facilitates better coordination: - A functional structure… (68 more words) …

Question number: 389

» Financial Markets » Concept and Types

Appeared in Year: 2012

Essay Question▾

Describe in Detail

What is meant by ‘Financial planning’? State any two points of importance of financial planning.

Explanation

Financial planning refers to the process of estimating amount of funds that would be required by a business and determining the sources through which funds can be obtained. Importance of financial planning follow.

(1) Helps in facing eventual situations: - Financial planning helps in forecasting future. It includes preparing blueprint… (48 more words) …

Question number: 390

» Controlling » Concept & Importance

Appeared in Year: 2012

Essay Question▾

Describe in Detail

Briefly explain the importance of controlling.

Explanation

Importance of controlling is given below

(1) Achieving organizational goals: - Controlling goals at organizational aims by indicating deficiencies and measures. It take right steps for achieving organizational goals.

(2) Evaluating standards: - Accuracy of standards is adopted by management of organization and it is done by managers. It is… (76 more words) …

Question number: 391

» Consumer Protection » Concept and Importance of Consumer Protection

Appeared in Year: 2012

Short Answer Question▾

Write in Short

How ‘Business Associations’ act as means of consumer protection? State.

Question number: 392

» Marketing Management » Concept & Functions

Appeared in Year: 2012

Essay Question▾

Describe in Detail

Give the meaning of ‘supervision’ as an element of ‘directing’ and any four points that explain its role.

Explanation

Supervision is process of instructing subordinates to achieve organizational goals. Role of supervision can be understood by understanding following functions of supervisor.

(1) Act as link: - A supervisor act as link between manager and workers. Management communicates its ideas and policies to the workers. Workers communicates problems.

(2) Maintains… (82 more words) …

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