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Business Studies · 2026 · 3 marks
CBSE 2026 · Region 2 · Set 2 · Q21
(a) State any three features of Management.
(a)
State any three features of Management.
OR
(b)
State any three points of significance of Business Environment.
Marking-scheme solution
Features of Management:
(i)
Management is a goal-oriented process as it unites the efforts of different
individuals in the organisation towards achieving these goals.
(ii)
Management is all pervasive function as its activities are common to all
organisations whether economic, social or political.
(iii)
Management is multidimensional as it involves management of work,
Management of people and Management of operations.
(iv)
The process of management is a series of continuous, composite but separate
functions that are simultaneously performed by all the managers all the time.
(v)
Management is a group activity as it requires team work and coordination of
individual efforts in a common direction towards fulfilling the common
organisational goal.
(vi)
Management is a dynamic function and has to adapt itself to the changing
environment.
(vii)
Management is an intangible force that cannot be seen but its presence can be
felt in the way the organisation functions.
State any three points of significance of Business Environment
Significance of Business Environment:
(i)
It enables the firm to identify opportunities early and get the first mover
advantage and be the first to exploit them instead of losing them to competitors.
(ii)
Environmental awareness helps the firm to identify threats and serve as early
warning signals.
(iii)
Understanding business environment enables the enterprise in tapping useful
resources so that it can convert those resources into outputs that the environment
desires.
(iv)
It helps the managers in coping with rapid changes by understanding and
examining the dynamic environment and developing suitable courses of action.
(v)
It helps in assisting in planning and policy formulation by understanding and
analysing the environment which becomes the basis for deciding the future course of
action (planning) or framing guidelines for decision making (policy).
(vi)
It helps in improving performance in present and future as enterprises
continuously monitor their environment and adopt suitable business practices.
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CBSE Class 12 Business Studies past-paper question from the 2026 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.