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Subjects

Business Studies

Setting standards

In Class 12 Business Studies, Setting Standards introduces the first step of the controlling process: deciding in advance what level of performance is expected. Students learn how standards are drawn from organisational objectives and expressed in measurable terms such as cost, time, quality, output, sales, or profit. The topic also explains why clear and realistic standards are essential for comparing actual performance, identifying deviations, and taking corrective action.

Expert · Level 1 · 1 questions

TOPIC PRACTICE

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  1. Controlling
  2. Staffing
  3. Organising
  4. Financing

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