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What is Meant by ‘Privatisation’? - Business Studies

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प्रश्न

What is meant by ‘Privatisation’?

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उत्तर

Privatisation refers to the process of gradual transfer of ownership or management from the state/public owned enterprises to individuals or private units i.e. from the public sector to the private sector enterprises

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संबंधित प्रश्न

A firm plans in advance and has a sound organisation  structure with efficient supervisory staff and control system  but on several occasion it finds that plans are not being  adhered to. It leads to confusion and duplication of work.  Advise remedy.


Policy formulation is the function of ______.


Middle-level management consists of ______.


Which of the following is not included in Top Level Management?


Marketing and Personnel Managers are part of ________.


Which level of management is responsible for the welfare and survival of the organisation?


Name the concept that refers to the number of subordinates that can be effectively managed by a superior and determines the number of levels of management in the organisation.


Read the following text and answer the following question on the basis of the same:

Sana is the branch manager of ABC Handicrafts Pvt. Ltd. The company’s objective is to promote the sales of Indian handloom and handicraft products. It sells fabrics, furnishings, ready-mades and household items are made out of traditional Indian fabrics.

Sana decides quantities, variety, colour and texture of all the above items and then allocates resources for their purchase form different suppliers. She appoints a team of designers and crafts people in the company, who developed some prints for bed covers in bright colour on silk. Although the products looked very attractive and impressive, they were relatively expensive on the front of affordability for an average customer.

Sana suggested that they should keep the silk bed covers for special festive occasions and offer the cotton bed covers on a regular basis to keep costs under control.

With reference to the above case, at which level of management Sana is working?


Which of the following is not a designation related to top level management?


Which of the following statements is not true for lower level management?


Identify the level of management which does not interact with the work force directly.


Directing is initiated at ______ level of management. 


______ comes under the top management. 


______ plays a very important role in the organization as they act as a link between the top and lower level management. 


Which level of management is mainly responsible for setting the organization’s overall objectives and formulating strategies?


Who typically acts as a bridge between strategic decision makers and operational employees in an organization?


Which of the following best describes the role of Lower Level Management in organizations?


Refer to the pyramid image of management levels. Which level has the largest number of personnel and is directly involved in managing daily operations?


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