Justify the following statements. Communication is essential for growth of business. Business should allow workers participation in management. Consumer have many responsibilities.... Justify the following statements. Communication is essential for growth of business. Business should allow workers participation in management. Consumer have many responsibilities. Promotion plays an important role in marketing. Attempt the following. Explain the responsibilities towards consumers? Types of warehouse? Explain? Explain the principles of insurance? Give the meaning of bank and explain its types. Explain any eight functions and marketing.
Understand the Problem
The question appears to be asking for explanations and justifications regarding various business concepts, such as the importance of communication, consumer responsibilities, and the role of promotion in marketing, along with additional business-related inquiries about warehousing, insurance, and banking.
Answer
1. Communication fosters business growth by enhancing clarity and teamwork. 2. Worker participation boosts morale and productivity. Responsibilities toward consumers include providing safe products and truthful advertising. Types of warehouses: private, public, bonded. Insurance principles: utmost good faith, indemnity. A bank offers financial services; types include commercial and investment.
- Communication is essential for business growth as it ensures clarity, enhances teamwork, and improves decision-making. 2. Allowing workers' participation in management fosters a collaborative environment, improves morale, and enhances productivity.
Attempt the following:
- Responsibilities towards consumers include offering safe products, truthful advertising, and addressing complaints effectively.
- Types of warehouses include private warehouses owned by companies, public warehouses available for public hire, and bonded warehouses for storing imported goods under customs supervision.
- Principles of insurance include utmost good faith, insurable interest, indemnity, subrogation, and contribution.
- A bank is a financial institution offering services such as deposits and loans. Types include commercial banks offering everyday services, investment banks dealing with capital markets, and central banks managing national monetary policy.
- Marketing functions include buying, selling, transporting, storing, standardizing, financing, risk-taking, and securing market information.
Answer for screen readers
- Communication is essential for business growth as it ensures clarity, enhances teamwork, and improves decision-making. 2. Allowing workers' participation in management fosters a collaborative environment, improves morale, and enhances productivity.
Attempt the following:
- Responsibilities towards consumers include offering safe products, truthful advertising, and addressing complaints effectively.
- Types of warehouses include private warehouses owned by companies, public warehouses available for public hire, and bonded warehouses for storing imported goods under customs supervision.
- Principles of insurance include utmost good faith, insurable interest, indemnity, subrogation, and contribution.
- A bank is a financial institution offering services such as deposits and loans. Types include commercial banks offering everyday services, investment banks dealing with capital markets, and central banks managing national monetary policy.
- Marketing functions include buying, selling, transporting, storing, standardizing, financing, risk-taking, and securing market information.
More Information
Communication is foundational for establishing company culture, while warehouses are crucial for efficient supply chain management. Understanding principles of insurance helps in risk management.
Tips
Avoid making assumptions about the responsibilities consumers have without evidence and understanding the differences between types of warehouses.
Sources
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