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Business Studies · 2025 · 6 marks
CBSE 2025 · Region 4 · Set 2 · Q31
(a) ‘Principles of management guide managers in taking and implementing decisions.’ In the light of this statement, explain any four points of…
‘Principles of management guide managers in taking and
implementing decisions.’
In the light of this statement, explain any four points of
significance of the principles of management.
‘A good understanding of environment by business
managers enables them not only to identify and evaluate,
but also to react to the forces external to their firms.’
In the light of this statement, explain any four points of
importance of business environment.
Marking-scheme solution
Significance of the principles of management :
1) Providing managers with useful insights into reality.
2) Optimum utilisation of resources and effective administration.
3) Scientific decisions.
4) Meeting changing environment requirements.
5) Fulfilling social responsibility.
6) Management training, education and research.
Importance of business environment
1) It enables the firm to identify opportunities and getting the first
mover advantage.
2) It helps the firm to identify threats and early warning signals.
3) It helps in tapping useful resources.
4) It helps in coping with rapid changes.
5) It helps in assisting in planning and policy formulation.
6) It helps in improving performance.
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CBSE Class 12 Business Studies past-paper question from the 2025 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.