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Answered on 18 Jan CBSE/Class 12/Commerce/Business Studies Tuition/Class XI-XII Tuition (PUC)

Lokesh S.

Tutor

Training is requires knowledge that must be given to fresher and experienced person or employees in order to further increase their skill and efficiency so that they can work more skillful manner.
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Answered 3 days ago CBSE/Class 12/Commerce/Business Studies Tuition/Class XI-XII Tuition (PUC)

The IT major GIPRA is terminating the employment of its senior managers, if after evaluating their performance... read more
The IT major GIPRA is terminating the employment of its senior managers, if after evaluating their performance against pre-determined standards if it is found lacking. With this disruption analysts say a large portion of the employees may become irrelevant unless they learn new skills and apply the knowledge to work on emerging technologies. GIPRA is ready to facilitate employee learning, through its in-house centers. a. Name the function of management performed by GIPRA to maintain a satisfactory work force. b. Identify and explain the two steps in the process of the function of management discussed above. read less

D Mukherjee

Teacher

a. This is an extreme example of Management by Objective process of HR Department. b. Step 1 is setting of objectives. That is usually done together with the Manager concerned by his immediate line boss Step 2 is evaluation of actual results with the targets set again through a face-to-face interview... read more

a. This is an extreme example of Management by Objective process of HR Department. 

b.

Step 1 is setting of objectives. That is usually done together with the Manager concerned by his immediate line boss

Step 2 is evaluation of actual results with the targets set again through a face-to-face interview process.

However if the top management of GIPRA continues this process without applying its mind, there will be marge scale sagging of moral among the employees and the high turnover will be commented by other industries and the company will soon be an example of how not to do the Management Development Process. New skills development and training in emerging technologies are very good damage control measures but the root cause of why a large number of senior managers did so bad during Annual Performance Evaluation must be examined by the Chief Executive. 

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Answered 5 days ago CBSE/Class 12/Commerce/Entrepreneurship Tuition/Class XI-XII Tuition (PUC)

What are the advantages of Employees Stock Option Plan?

Prachi Jain

For decades, stock option plans have been a common part of an executive’s compensation package. By offering a part of the company’s future growth and a percentage of the wealth the company would generate, start-ups were able to offer lower compensation packages and hold on to their cash.... read more

For decades, stock option plans have been a common part of an executive’s compensation package. By offering a part of the company’s future growth and a percentage of the wealth the company would generate, start-ups were able to offer lower compensation packages and hold on to their cash.
 
Today, stock options are still a part of the packages offered by many companies. However, they typically serve as an added perk and not as a replacement for a competitive salary. In addition, ESOP are no longer reserved for executives, and now exist for many other employee groups at businesses of varying sizes.
 
ESOP exactly means:
A stock option is an offer by a company that gives employees the right to purchase a specified number of shares in the company at an agreed upon price (usually lower than market value) by a specific date. The employee is under no obligation to purchase all or part of the number of shares noted in the option. The choice is theirs and they can normally purchase stock at any point during the time period between the offer and last exercise date.
Certain types of stock options also provide employees with the ability to convert part or all of the potential compensation package into capital gains for tax purposes.

The pros of ESOP:
 1. They offer employees an opportunity to have ownership in the company they work for and feel more “connected” to the business as well as to their co-workers.

2. They are a cost-effective company benefit that can help make employment packages more suitable .

3. From a HR perspective, they may increase staff retention, as the vesting of stock option stipulates that require employees to remain employed for a certain period of time before the shares can be issued and sold.

4. Employees can reap some of the financial rewards of a successful business, which increases dedication for all employees involved, as they are more invested in the company and its results.

5. They can serve as a sound investment for someone with a long-term financial strategy. Company stock options allow employees to invest without paying broker's fees.

6. They can offer some tax benefits also.

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Answered on 15 Feb CBSE/Class 12/Commerce/Entrepreneurship Tuition/Class XI-XII Tuition (PUC)

State the role of a sales person in personal selling.

Ramya

Primary Teacher

Personal selling involves marketing specifically to one individual at a time. Companies spend the most on this type of marketing. Why are businesses willing to spend so much on this personal selling? Because it provides the most directed type of advertising, making it the most effective. A member of... read more

Personal selling involves marketing specifically to one individual at a time. Companies spend the most on this type of marketing. Why are businesses willing to spend so much on this personal selling? Because it provides the most directed type of advertising, making it the most effective. A member of the sales team can customize his or her sales message to the customer so the customer receives the best message to encourage more sales.Personal selling is not just about calling new people to encourage them to become customers. It also includes taking orders from existing customers and providing customer service. When these sales people are taking orders, they make sure the customers are purchasing the right product for them. If the customers need something else, these salespeople make sure the customers are sold

The role of personal selling are:

(1) Prospecting – trying to find new customers

(2) Communicating – with existing and potential customers about the product range

(3) Selling – contact with the customer, answering questions and trying to close the sale

(4) Servicing – providing support and service to the customer in the period up to delivery and also post-sale

(5) Information gathering – obtain information about the market to feedback into the marketing planning process

(6) Allocating – in times of product shortage, the sales force may have the power to decide how available stocks are allocated

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Answered on 03 Feb CBSE/Class 12/Commerce/Entrepreneurship Tuition/Class XI-XII Tuition (PUC)

When is it advisable for an entrepreneur to opt for a direct channel of distribution?

EDU CRAFTERS

A direct channel of distribution is one in which thete is no involvement of intermediary or middleman like wholesalers. The manufacturer or seller directly sells the product to the cusmer or customer. It is advisable for an entrepreneur to use direct channel of distribution when: 1. The entrepreneur... read more

A direct channel of distribution is one in which thete is no involvement of intermediary or middleman like wholesalers. 

The manufacturer or seller directly sells the product to the cusmer or customer.

It is advisable for an entrepreneur to use direct channel of distribution when:

1. The entrepreneur wants to reduce the intermediary cost and save on cost to increase profit.

2. The entrepreneur wants to have direct contact with the customers to understand the market better.

3. If the shelf life of the product is not long then it is directly sold to the customer by the manufacturer. 

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Answered on 05 Feb CBSE/Class 12/Commerce/Entrepreneurship Tuition/Class XI-XII Tuition (PUC)

You have started a beauty parlor business. You spent Rs 5,00,000 to open the parlor of which you invested... read more
You have started a beauty parlor business. You spent Rs 5,00,000 to open the parlor of which you invested Rs 3,00,000/- of your own money and borrowed a loan for Rs 2,00,000. Interest rate per annum is 4%. Sales revenue per month is Rs 35,000. Cost of goods sold is Rs 10,000 per month. Fixed expenses per month is Rs 15,000 (salary Rs 7,000, rent and utility Rs 8,000), depreciation Rs 1,000/- and tax at 8%. Calculate the Return on Equity. read less

Utpal Mandal

Tutor

Return on Equity = [{sales revenue per month-(fixed expenses per month+cost of goods sold per month)}*12month -(Depreciation+Interest on loan+tax)}/own money invested] = [{Rs.35000-(Rs.15000+Rs.10000)}*12-(Rs.1000+Rs.8000+Rs.8880)}/Rs.300000] = Rs.102120/Rs.300000 = 0.3404 Note: Interest on loan = Rs.200000*4% =... read more

Return on Equity = [{sales revenue per month-(fixed expenses per month+cost of goods sold per month)}*12month -(Depreciation+Interest on loan+tax)}/own money invested]

= [{Rs.35000-(Rs.15000+Rs.10000)}*12-(Rs.1000+Rs.8000+Rs.8880)}/Rs.300000]

= Rs.102120/Rs.300000

= 0.3404 

Note:

Interest on loan = Rs.200000*4%

= Rs.8000

tax = [{(Rs.35000-(Rs.15000+Rs.10000)}*12 (Rs.1000+Rs.8000)]

= Rs.111000*8%

= Rs.8880

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Answered on 04 Feb CBSE/Class 12/Commerce/Business Studies Tuition/Class XI-XII Tuition (PUC)

Name the process which provides the requisite amount, quality, timing and sequence of efforts and ensures... read more
Name the process which provides the requisite amount, quality, timing and sequence of efforts and ensures that planned objectives are achieved with a minimum of conflict. read less

Akash Grover

Management
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Answered on 04 Feb CBSE/Class 12/Commerce/Business Studies Tuition/Class XI-XII Tuition (PUC)

Planning facilitates decision-making' and 'reduces the risks of uncertainity'. Explain how?

D Mukherjee

Teacher

Planning is the first step in management. If you plan an activity well and in advance you will face less difficulty when it is being implemented. If you list the possible difficulties that may arise and take sufficient preventive actions, you will easily circumvent when the difficulties arise. While... read more

Planning is the first step in management. If you plan an activity well and in advance you will face less difficulty when it is being implemented. If you list the possible difficulties that may arise and take sufficient preventive actions, you will easily circumvent when the difficulties arise. While uncertainty can not be totally avoided, by planning you can foretell and take care of many uncertain events and this reduce the risks of uncertainty

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Answered on 18 Jan CBSE/Class 12/Commerce/Accountancy Tuition/Class XI-XII Tuition (PUC)

What is the maximum discount that can be offered in case of reissue of shares?

Raveendra Babu

Trainer

Maximum discount on reissue of shares forfeited shall not exceed amount in share forfeiture account.
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Answered on 04 Feb CBSE/Class 12/Commerce/Accountancy Tuition/Class XI-XII Tuition (PUC)

Calculate interest on drawings of Mr. X at 10% p.a. if he withdrawn Rs.1000 per month (i) in the beginning... read more
Calculate interest on drawings of Mr. X at 10% p.a. if he withdrawn Rs.1000 per month (i) in the beginning of each Month (ii) In the middle each of month (iii) at end of each month. Total Amount with withdrawn = Rs.1000x12=Rs12000. read less

Bikash tutorials

For begining 12000 × 10% × 6.5 ÷ 12 = 650 For middle 12000 × 10% × 6 ÷ 12 = 600 For ending 12000 × 10% × 5.5 ÷ 12 = 550
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