Study Notes

                   https://sugarybloom.blogspot.com/                                        Chapter 4-   Planning click here for  chapter 2 principles of management ,  chapter 9 Financial management  , chapter 10 Financial market ,    chapter 11 marketing 1.Explain the concept of planning.  Planning is defined as setting objectives for a given time period, formulating various courses of action to achieve them, and then selecting the best possible alternative from among the various courses of action available. Planning is deciding in advance what to do and how to do.  The manager must formulate an idea of how to work on a particular task and set objectives  Planning is what managers at all levels do.   Thus planning, involves setting objectives and developing appropriate courses of ...

  https://sugarybloom.blogspot.com/ Class 12 Business Studies  Chapter 11  Marketing click here for planning , principles of management , financial management , financial market 1.Explain the concept of marketing.  Satisfaction of customer’s needs is the key to the success of any organisation in the market.   All the decisions in a firm are taken from the point of view of the customers.  Customer’s satisfaction become the focal point of all decision making in the organisation The marketing concept is based on the following:  (i) Identification of customer who is chosen as the target  (ii) Understanding needs and wants of customers in the target market.  (iii) Development of products  for satisfying needs of the target market.  (iv) Satisfying needs of target market better than the competitors.  (v) Doing all this at a profit. Thus the focus of the marketing concept is on customer needs and the customer satisfaction becomes...

  cbse class 12 business studies  https://sugarybloom.blogspot.com/ class 12 business studies  Chapter 10-Financial Markets Class 12 business studies important question and answers 1.Explain the concept of financial market. A financial market is a market for the creation and exchange of financial assets.Financial markets exist wherever a financial transaction occurs.  Financial transactions could be in the form of creation of financial assets such as the initial issue of shares and debentures by a firm or the purchase and sale of existing financial assets like equity shares, debentures and bonds. 2.Explain the functions of financial market.  Financial markets play an important role in the allocation of scarce resources in an economy by performing the following four important functions.  1. Mobilisation of savings and channelling them into the most productive uses:   A financial market facilitates the transfer of savings from savers to investors....