Swaraj is running an office furniture showroom. Most of his clients are businessmen and they prefer to buy goods on credit. Keeping this in mind, he has given the power to the sales manager. Mr. Bhardwaj, to offer a credit period of only 20 days, while. negotiating a deal with a buyer. On a specific day, Mr. Bhardwaj finds that if he can offer a credit of 30 days as an period exception to a prospective buyer, he is likely to finalise a deal for the business. So Mr: highly profitable Bhardwaj requests Swaraj to for offering a credit grant him additional authority period of 30 days in the interest of the business. But Swaraj refuses to extend his authority and as a result, the deal is not finalized. In context of the above case: (a) Can Mr. Bhardwaj be held responsible for loss of the deal? Why or why not ? Give a suitable reason in support of your answer. (b) Also, explain the related principle.

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• 1 Nature and Significance of Management
• 2 Principles of Management
• 3 Business Environment
• 4 Planning
• 5 Organising
• 6 Staffing
• 7 Directing
• 8 Controlling
• 9 Financial Management
• 10 Financial Markets
• 11 Marketing
• 12 Consumer Protection