Biz Hq

The soaring price of oil is now all set to ruin your vision of infectious a low price flight to gather loved in Pakistan and other neighboring countries. The JetLite budget carrier owned Naresh Goyal which had prior applied to launch flights on new routes like Delhi-Lahore, Amritsar-Bangkok and Mumbai-Karachi has now decided to set them on clutch.

The high operating costs have led instead the airline to seem intimately at 25 to 30 short-haul familial routes for explanation. The plans to launch new segments which require a gestation stage have been set on clutch. Air India is only LCC that files abroad at present. The 12 intention, eight are to the Gulf and the other four are Colombo, Kuala Lumpur, Singapore and Bangkok.

The Kingfisher –Deccan combine which will start international operation from August-end planned budget. The JetLite COO Rajiv Gupta said operating both short-haul flights, one airline will carry on doing so like Jet ongoing on Delhi-Chandigarh segment he said the JetLite segment is looking at for explanation comprise Hyderabad-Bangalore, Mumbai-Bhuj, Chennai-Bangalore, Ahmedabad-Jaipur and Bangalore-Coimbatore. The airline is not set -backing it’s classify for 10 new Boeing 737 whose deliveries start next year.

Consumer protection is very wide. It includes rights, responsibilities and various remedies available to consumers. It is not only beneficial for consumer but it is equality important for business also.

Consumer protection provides information to the ignorant customers regarding rights and remedies available to them. It spreads awareness so that consumer can know about the various redressal agencies where they can approach to protect their interests.
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Industry and commerce are closely related to each other. For example, industry provides goods and services which are distributed through commerce. No commercial activity is possible in the absence of industry and production. Sound industrial base and infrastructure facilitate trade. At the same time, industry and production cannot survive unless the goods and services are distributed among consumers through commerce. Therefore, industry and commerce are interdependent. Industry provides the base for commerce and commerce serves as the backbone of industry. None of them can exist in isolation as each is essential for other.

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The controlling system should not be rigid. It should be able to be changed according to the changing need and pace of business situation.

The effective control system should be able to anticipate deviation before they occur. It should be preventive rather than corrective.

The effective business control system must suggest remedial measures to move the deviations and bring improvement in future performance.
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The control system should be clear, easy to understand and simple to understand so that every worker follows it easily. Complicated system creates obstacle in working.

The controlling system must be selection keeping in mind the nature, type, size and need to the enterprise. For example, the controlling system of a manufacturing concern cannot be applied by a trading concern.
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Every marketer offers a product or service to the customer but what product or service has to be offered must be planned. The planning part includes the decisions like what should be the quality standards used in product, what shape or design would be used, what type of packing, how many models, how it can be made better than the competitor’s product etc. For taking all these decisions proper product planning is done by the marketer for example, if marketer is dealing with refrigerator then in product planning they decide the quality standard, size of refrigerators, color, design, technology of refrigerator etc.

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Companies cannot survive in isolation. Companies use the resources of society they earn from the members of society. So it is obligatory on the part of company to do things which are beneficial for the society. Society includes various stockholders such as Government, NGO, media, customers etc. Customer is just one segment of society. Companies must take care of other segments also. So company must involve it self in fields like education, environment protection, women’s empowerment, health awareness and aid etc. Companies are becoming aware that by ignoring the benefits of society they also cannot prosper that is why companies are taking measures to bring improvement in society. (more…)

After setting up of standards the performance of the employees is measured by evaluating the actual work done by the employees. When the performance can be measured numerically then it is very convenient to measure the performance. While performance is kept in mind. Sometimes employees achieve the quantitative standards by ignoring quality standards. That is why while measuring the performance quality standards are also measured. certain quality parameters are fixed to measure the quality standard when number of rejections or sales return increases. It indicates low standard of quality.

Generally the performance of managers is measured by looking at the overall efficiency level of the organisation. The performance of research and development department is measured by change in technology and updation of production department. The performance of financial department is measured by checking the solvency and liquidity ratios etc. The performance must be measured periodically in short period of time.

Budget is a statement of expected results and expected cost expresed in numerical terms. Budget is a statement which helps us to know the future results and to achieve these results how much prepared by an organisation : for example, sales budget, production budget, financial budget, cash budget etc.

In budgetary control technique the estimated results are compared with the actual results. The variation between these two indicates inefficiency. Budgetary control provides following benefits to the company:

1. Budgeting focuses on standards or objectives.
2. Budget helps subordinates to compare their performance with budgetary standards and can do self appraisal.
3. Through budgeting managers can allocate resources to departments according to their budgetary allocation.
4. Budgets help to improve coordination between various departments. As budget of one deptt. depends on other. For example, budget of sales deptt. budget of production deptt. depends upon budget of purchase deptt.
5. It helps to use the principle of management by exception by giving more attention to departments where actual operations and target deviate from budgetary standards.

The success of budgetary techniques depend upon the estimation of standards. As far as possible we should prepare flexible budgets due to dynamic environment.

Planning always means looking ahead or planning is a futuristic function. Planning is never done for the past. All the managers try to make predictions and assumptions for future and these predictions are made on the basis of past experiences of the manager and with the regular and intelligent scanning of the general environment.

Planning is required at all levels of management. It is not a function restricted to top-level managers only but managers at every level do planning. Formation of major plan and framing of overall policies is the task of top-level managers whereas departmental managers form plan for their respective departments. And lower level managers make plans to support the overall objectives and to carry on day-to-day activities.

In planning function managers decide in advance what is to be done. When activities are planned in advance then there are les chances of confusion and wastage of resources. Planned activities bring reduction in cost, as a result the efficiency improves.