Business Studies-Case Studies 3

"For more productivity, she divides the work into small tasks and each employees is trained to perform his/her specialised job". Identify the principle of management depicted here.

• Discipline
• Division of work
• Equity
• Order

"The salesperson are permitted to close a deal with a customer by giving a maximum of 12% discount. However, the decision to give any further discount rests with Radha as the final authority." Identify the principle of management depicted here.

• Remuneration
• Authority & Responsibility
• Centralisation & decentralisation
• Initiative

"There is full coordination and team spirit among all employees". Identify the principle of management depicted here.

• Equity
• Espirit De corps
• Initiative
• Order

"Hence, after six months, when the business was going well, she awarded a cash bonus to each of her employees to honour her commitment." Identify the principle of management depicted here.

• Remuneration
• Discipline
• Initiative
• Authority & Responsibility

"When it comes to settle down the conflicts among the employees, she tends to be more biased towards her female employees." Identify the principle of management being violated here.

• Equity
• Espirit De corps
• Authority & responsibility
• Order

A cracker making in the UK is booming well. The company makes crackers for various occasions such as Diwali, Holi, Christmas, New Year, the production and selling of crackers reaches to a new height." Identify the dimension of the business environment.

• Economic Environment
• Social Environment
• Technological Environment
• Global Environment

"Though, the business has to understand the close relationship among several elements of the business environment around it." Identify the features of the business environment.

• Rigid
• Complex
• Inter-relatedness
• Uncertain

"Once you step out of the firm, there are competitors, customers, government authority and almost everything one can think of." Identify the features of the business environment.

• Relativity
• Dynamic
• Inter-relatedness
• The totality of external sources

"However, these elements are challenging to understand." Identify the features of the business environment.

• Dynamic
• Uncertain
• Complex
• None of these

"A particular channel refrains from showing the advertisement of the company as the government bans crackers." Identify the dimension of the business environment.

• Political Environment
• Legal Environment
• Economic Environment
• Natural Environment