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📢 Full Playlist Link: • Class 12 Business Stud...
✅ In this video,
✔️ Class: 12th
✔️ Subject: Business Studies
✔️ Chapter: Nature and Significance of Management (Chapter 1)
✔️ Topic Name: Effectiveness Versus Efficiency
✔️ Topics Covered In This Video (by Priyanka Ma'am): In this captivating video, Ma'am guides you through the fascinating realm of Class 12th Business Studies, focusing on the topic of "Effectiveness Versus Efficiency ." within Chapter 1 Nature and Significance of Management. Dive deep into the captivating world of Business Studies as we explore key concepts essential for success in your studies. Join us as we simplify complex topics and make learning fun and engaging for all Class 12th students.
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00:00 Introduction - Nature and Significance of Management
01:29 Effectiveness Versus Efficiency
12:26 Effectiveness Versus Efficiency: Case Study 1: During festival season ABC Ltd. received a new order of 10,000 mobile phones to be delivered in 10 days, failing which the contract will be null and void. To complete this production manager planned to outsource the production so that order could be delivered on time. The outsourcing resulted in increase in cost by 30%.
15:38 Effectiveness Versus Efficiency: Case study 2: ABC Ltd., a garment manufacturing Company set the target production of 100 garments per month at the estimated cost of 200 per garment. Mohan, a worker worked double shift and manufactured around 150 garments but at the estimated cost of €230 per garment.
20:34 Website overview
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