Ask a Doubt
Request a call back

Join NOW to get access to exclusive study material for best results

CBSE Class 12-commerce Answered

Damini D’souza took over the reins of ‘Kinsa Retail’ as its Managing Director in India. Kinsa Retail with  its headquarters at Japan has been in retail business for the last 40 years. It has reginal offices in many  countries with each regional office taking care of the shops in the particular region. As it is a large  organization, the regional offices have been given the powers to decide and spend funds sanctioned to  them by the headquarter for the welfare of the customers of their region.  Kinsa Retail wants the highest possible standards of ethical conduct being followed for which a code of  conduct is in place for putting values into practice. All employees as well as Board members are requiredto act in accordance with the highest standards of personal and professional integrity when acting on  behalf of the company. Non-compliance involves a heavy penalty including termination of employment.   Explain two principles of general management being followed by Kinsa Retail.
Asked by samroxx880 | 02 Jun, 2020, 20:22: PM
answered-by-expert Expert Answer

The company follows:

Principle of Authority and Responsibility:

  • Authority refers to the power to take decisions and responsibility refers to the obligation to complete the work. 
  • There must be balance or parity between the two commands, i.e. authority and responsibility.
  • This helps an organisation to prevent the misuse of managerial power. 

Principle of Discipline: 

  • Insists that discipline is required at the superior and subordinate levels
  • Refers to rules and regulations of systematic work
  • Not only rules and regulations but also developing commitment in the employees towards the organisation as well as towards each other

Also, as per the techniques of Scientific Management, the company follows:

Standardisation: 

  • Setting standards for any work or activity
  • Standardisation can be of process, raw material, time, product, machinery, methods or working conditions
  • Objectives:
  • Brand building by assigning fixed categories, sizes and features to the products supplied by any particular company
  • Making manufactured components/products interchangeable
  • Achieving standards of quality and reliability of products
  • Achieving standards of performance of men and machines

Answered by Surabhi Gawade | 03 Jun, 2020, 10:20: AM

Concept Videos

Multiple Choice Questions Practice Test
Answered Unanswered My Questions My Answers
CBSE 12-commerce - Business Studies
I want notes for business environment chapter
Asked by senthilramanathankanishka | 16 May, 2022, 21:39: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 12-commerce - Business Studies
what is business studies
Asked by nsharmayoo | 02 Oct, 2021, 11:20: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 12-commerce - Business Studies
what is organic farming ?
Asked by nousadsalmani169 | 27 Sep, 2020, 14:24: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 12-commerce - Business Studies
After finishing her BBA degree course, Tanya gets a job of Assistant Manager in a retail company through the reference of her cousin Taruna who works in the same company as a Senior Manager. Taruna decides to guide Tanya through her experience by making her aware of the important facts about management in practice. She tells her that neither the principles of management provide any readymade, straitjacket solutions to all managerial problems nor they are not rigid prescriptions, which have to be followed absolutely In context of the above case 1. Identify the two features of principles of management mentioned in the above paragraph by quoting lines from the paragraph. 2. Why do the principles of management not provide readymade, straitjacket solutions to all managerial problems?
Asked by sahulgupta8 | 23 Jun, 2020, 16:09: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 12-commerce - Business Studies
Damini D’souza took over the reins of ‘Kinsa Retail’ as its Managing Director in India. Kinsa Retail with  its headquarters at Japan has been in retail business for the last 40 years. It has reginal offices in many  countries with each regional office taking care of the shops in the particular region. As it is a large  organization, the regional offices have been given the powers to decide and spend funds sanctioned to  them by the headquarter for the welfare of the customers of their region.  Kinsa Retail wants the highest possible standards of ethical conduct being followed for which a code of  conduct is in place for putting values into practice. All employees as well as Board members are requiredto act in accordance with the highest standards of personal and professional integrity when acting on  behalf of the company. Non-compliance involves a heavy penalty including termination of employment.   Explain two principles of general management being followed by Kinsa Retail.
Asked by samroxx880 | 02 Jun, 2020, 20:22: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 12-commerce - Business Studies
Bank reduce intrest rate on home lons
Asked by rsnitish7051singh | 20 May, 2020, 13:07: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 12-commerce - Business Studies
coordination is the function of lower level manager true or false
question image
Asked by singhsukh3355 | 18 May, 2020, 10:09: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 12-commerce - Business Studies
“Coconut Joy Ltd.” are the manufacturer of vegetarian frozen dessert food products made with coconut milk, agave syrup and other certified ingredients. The founders of the company Lovely and Lalita originally developed this treat to meet their own needs but found that their friends and families around were also keen to use the products. It was not only the vegetarians, but also those who could not get enough environment friendly sustainable food, that appreciated the product. It did not take long for Lovely and Lalita to recognise the potential of their little venture. In the beginning they started from their home with the product being sold through local family parties that enable guests to personally meet the owner. This helped to establish strong connections with the prospective buyers and the company could put the product on shelves of natural food store. The company used* all marketing activities to grow and expand. The company began sponsoring booths at festivals, drawing attention to its newly created vegetarian products. It also disseminated relevant information to media about its products and the people who helped in building the company’s reputation. Lovely and Lalita were invited for an interview with one of the leading TV channels in which they talked about their environment friendly vegetarian products. To show its gratitude to customers, local business and government officials who supported the company from the beginning, “Coconut Joy Ltd.” hosted a gala event and involved all of them to raise funds for a few local NGO’s. The company also asked its fans and customers to send songs and poetry conveying their impression about “Coconut ‘Joy’s Ltd.” products. Identify and explain the communication tool used by “Coconut Joy Ltd”. . Briefly explain the role of the tool identified in (1) above.
Asked by purnayyap | 22 Apr, 2020, 11:12: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 12-commerce - Business Studies
comapny which has sahreholdings cannot manufacture unpatended product and large quantity of products why ?
Asked by Prashant DIGHE | 18 Apr, 2020, 22:24: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 12-commerce - Business Studies
What type of centralisation fayol talks about?  A. Little centralisation  B. More centralisation  C. Effective centralisation  D. No centralisation 
Asked by vcgeetha22 | 21 Mar, 2020, 13:54: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
My Class Videos Tests ₹ Plans Ask a Doubt