Business studies chapter 5 grade 12

What are the advantages of diversification strategy in business studies grade 12?

Advantages of diversification strategies

What are the advantages of diversification strategy in business studies grade 12?

Strategy is a rule for making decisions under conditions of partial ignorance whereas. policy is a contingent decision.
Business strategy is the broad collection of decision. rules and guidelines that define a business' scope and growth direction..

What are the advantages of intensive strategies in business studies?

In essence, a business strategy is an organizational master plan.
This plan is what the management of a company develops and implements to achieve their strategic goals.
Essentially, a business plan is a long-term sketch of the desired strategic destination for a company..

What are the steps in the process of Organising Class 12 business studies?

The following are the steps involved in the process of organising:

1. Identification and Division of Work
2. Departmentalization
3. Assignment of Duties
4. Establishing Reporting Relationships

What is organisation in BST Class 12?

Organising is the process of identifying and grouping the work to be performed, defining and delegating responsibility and authority, and establishing relationships for the purpose of enabling people to work most effectively together in accomplishing objectives._{Oct 14, 2023}.

What is Organising BST Class 12 notes?

Organising refers to the process of the identification, classification and coordination of work to be performed by establishing reporting relationships between the people, setting up their responsibilities and authorities so as to collectively integrate the human efforts for the successful achievement of organisational .

What is strategy in business PDF?

Advantages of intensive strategies
Increase in sales/income and profitability.
Improved service delivery may improve business image.
Businesses may have more control over the prices of products/services.
Gain loyal customers through effective promotion campaigns..

What is the importance of organisation Class 12 business studies?

Importance of Organising
Benefits of specialization: activities are grouped on the basis of similarity so promotes specialization speedy performance of tasks & efficiency.
Role clarity: The jobs of managers and non- managers are clearly defined and differentiated.
It helps to remove duplication of work..