Short Answer Type

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'Business environment includes both 'specific and general forces.' List any four specific forces.


Specific forces of business environment include investors, customers, competitors and suppliers. It affects individual enterprises directly and immediately in their day-to-day working. 

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Explain any two impacts of Government policy changes on Business and Industry. 

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Your grandfather has retired as the Director of a manufacturing company. At which level of Management was he working? Different type of functions are performed at this level. State anyone function.

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What is meant by management? 

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Explain in one sentence how direction initiates action in management. 

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The understanding of business environment helps the managers to identify 'threats'. What is meant by 'threats' here?
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What is meant by principles of management?

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Why it is said that 'controlling is a continuous activity'?

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What is important while analyzing deviations in controlling?

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State anyone principle of scientific management.

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