Controlling - CBSE Notes for Class 12 Business Studies 1. Controlling It can be defined as comparison of actual performance with the planned performance. According to Ricky W Griffin, “Controlling function leads to goal achievement, an organisation without effective control is not likely to reach its goals.” 2. Importance of Controlling (i) Helps in achieving … [Read more...]
Principles of Management – CBSE Notes for Class 12 Business Studies
Principles of Management - CBSE Notes for Class 12 Business Studies 1. Principle It refers to a statement which reflects the fundamental truth about some phenomenon based on cause and effect relationship. 2. Management Principles These are the statements of fundamental truth, they serve as a guide to thought and actions for managerial decision actions and their … [Read more...]
Nature and Significance of Management – CBSE Notes for Class 12 Business Studies
Nature and Significance of Management - CBSE Notes for Class 12 Business Studies CBSE NotesCBSE Notes Business StudiesNCERT Solutions Business Studies 1. Management According to Marrie and Douglas, “Management is the process by which a co-operative group directs actions of others toward common goals.” Management is defined as the process of planning, organising and … [Read more...]
Marketing – CBSE Notes for Class 12 Business Studies
Marketing - CBSE Notes for Class 12 Business Studies CBSE NotesCBSE Notes Business StudiesNCERT Solutions Business Studies 1. Market It refers to the ‘set of potential and actual buyers of a product or service’. 2. Customer It refers to the people or organisations that seek satisfaction of their needs and wants. 3. Marketer or Seller The marketer can be a person or … [Read more...]
Financial Market – CBSE Notes for Class 12 Business Studies
Financial Market - CBSE Notes for Class 12 Business Studies 1. Financial Market Financial market is a link between surplus and deficit units or in other words, financial market brings together lenders and borrowers. 2. Functions of Financial Markets (i) Mobilisation of savings and channelising them into most productive use (ii) Facilitates price discovery (iii) Provides … [Read more...]