✓ Board-verified
Business Studies · 2026 · 3 marks
CBSE 2026 · Region 1 · Set 3 · Q24
(a) State any three functions of top level management.
(a)
State any three functions of top level management.
OR
(b)
State any three points of importance of business environment.
Marking-scheme solution
Functions of top level management
(i)
Their basic task is to integrate diverse elements and coordinate
the activities of different departments according to the overall
objectives of the organization.
(ii)
They are responsible for welfare and survival of the
organisation
(iii)
They analyse the business environment and its implications for
the survival of the firm.
(iv)
They formulate overall organizational goals and Strategies for
their achievement
(v)
They are responsible for all the activities of the business and for
impact on the society.
OR
Q (b) State any three points of importance of business environment.
Importance of business environment :
(i)
It enables the firm to identify opportunities and getting the first
mover advantage which helps an enterprise to be the first to
exploit them instead of losing them to competitors.
(ii)
It helps the firm to identify threats and early warning signals
which enable the firms to prepare themselves to meet such threats.
(iii)
It helps in tapping useful resources by enabling the enterprise
designs policies that allow it to get the resources that it needs so
that it can convert those resources into outputs that the environment
desires.
(iv)
It helps the managers to effectively cope with the rapid changes
by understanding and examining the environment and developing
suitable courses of action.
(v)
It helps in planning and policy formulation as understanding and
analysing the environment can be the basis of future courses of
action (planning) and framing guidelines for decision making
(policy).
(vi)
It helps in improving performance by continuously monitoring
their environment and adopting suitable business practices which
also helps them to succeed in the market for a longer period.
All Nature and Significance of Management questions2026 question paperPractice Nature and Significance of Management →
More from Nature and Significance of Management
- State any four characteristics of management. OR State any four functions performed by top level managers.2026
- Different organisations have different goals. 'Zeepo' is an upcoming retail chain for providing consumer goods door-to- door, the objective of this…2023
- State any three points of importance of Management. OR State any three objectives of Management.2026
- Explain any three points of importance of management. OR Explain the following principles of general management: (i) Division of work (ii) Authority…2025
- Management has its own vocabulary of terms and concepts. Managers need to communicate with one another with the help of a common vocabulary for the…2023
- Due to severe winter and rising pollution levels, ‘Green India Electronics’ planned to launch a new eco-friendly heater in the market. It conducted a…2026
- Explain the following characteristics of management: (i) Management is a group activity (ii) Management is a dynamic function (iii) Management is…2023
- State any three functions of operational level management. OR State any three points of importance of management.2026
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.