1. How is decision taken under risk? Draw a Decision Tree and explain. 2. Why does demand curve slope downwards and supply curve slope upwards? Explain. Also differentiate between the movement along a demand curve and shift in the demand curve with the help of examples. 3. Differentiate between economies of scale and economies of scope. Also explain internal and external economies and diseconomies of scale. 4. Assume that a travel agent has an agency in three different localities of a city. Explain whether it is possible for the travel agent to practice price discrimination. What are … [Read more...]

1. Why should every organization have a disaster recovery plan to protect it self? What are the main components of disaster recovery plan? 2. “Information handling in an organization should be systematic process”. Explain the concept of information systems in management in the light of the statement. 3. “With so many ready made and customized software available – the need for a manager is to learn to use them effectively rather than learn program them”. Do you agree? 4. What are the factors that differentiate traditional logic and fuzzy logic? Explain the concept of membership … [Read more...]

1. a) Distinguish between a product and service with suitable examples and highlight the unique characteristic that services possess. b) What are the reasons that marketers should consider human needs and wants while planning for new products or services to be offered? Explain with a suitable example of your choice. 2. a) Discuss the major elements of marketing mix. Explain how these elements aid in formulating marketing strategies in the following situation. (i) Cab aggregator (Ola or Uber) (ii) Selling of heavy engineering equipment. b) Discuss the concept of a market Vs the … [Read more...]

1. Why do you think is managing a high volume continuous operation easier than managing a high-variety intermittent operation? 2. “Work measurement is concerned with the determination of the amount of time required to perform a unit of work”. Explain the work measurement procedure. Also explain any two techniques of work  measurement. 3. What do you understand by “mass production system”? Explain advantages and disadvantages. Also, state the right time to go for mass production. 4. “It is realistic to expect that all material put into process will not end up as good saleable product”. … [Read more...]

1. Explain how business environment influences business management, giving suitable examples. 2. What are the factors responsible for inflation? As a student of management how would you look at the problems of inflation? Collect data on inflation for the last five years and analyse the trends. 3. (a) Discuss the incentives given by the government to exporters as a part of EXIM policy. (b) Examine the role of foreign trade in an economy. 4. “The reform process has helped to accelerate the growth but the benefits of the growth have not percolated to poor and weaker sections of the … [Read more...]

Q1. Explain the evolution of Human resource management in your own words. What are the recent challenges that HR managers face in the present business scenario? Q2. Explain the importance of job analysis, job design, socialization and mobility in Human resource planning citing relevant examples Q3. How competency mapping, potential appraisal, and succession planning augment the performance management system of an organization? Discuss with the help of examples. Q4. Explain the relevance of industrial democracy in handling the grievances of employees. How unions and associations … [Read more...]

1. What is the significance of “Systems Concept” vis-à-vis various types of systems and processes involved in managing an organization? Explain with special reference to the role of management information system. Cite examples from the experience you have in an organization or you are aware of. Briefly describe the organization, you are referring to. 2. What are the advantages and disadvantages of individual and group decision making in organizational set up? Explain with your experience or the ones you are aware of. Briefly describe the situation and the organization, you are referring … [Read more...]