(a) Advantages of Branding: 

1. It saves time and efforts of consumers as they can identify and recognise the product to be purchased. 

2. Branding is the basis of advertising and other techniques of mass selling. 

3. Branding helps to minimise selling cost by reducing dependence on middlemen. 

4. Branding insures uniform standards of quality and designs to consumers. 

5. Branded products are invariable packed which prevents adulteration and helps to prevent adulteration and helps to preserve the quality of the product. (any two)

(b) The two uses of group discussions in selecting employees for a concern are as follows: 

1. In an interview, the candidate gets no opportunity to participate and show his leadership ability. 

2. Group discussion is widely used to screen candidates for admission into management schools. 

(c) Two limitations of a budget: 

1. Budget estimates are generally based on the price level at a particular point of time. These estimates may become meaningless when there is either inflation or depression in the market. 

2. In order to keep with in budget limits, they may overlook the goals of the organisation. In such cases, budgetary goals supersede enterprise goals and budgets obstruct the attainment of objectives. 

(d) Overdraft means an arrangement under which a current account holder is allowed to withdraw more than the balance to his credit upto the specified limit. Overdraft is allowed for a short period and interest is charged on it. Commercial Banks provide overdraft facility on the security of some assets or on the personal security of the account holder. 

(e) The main objectives of training are as follows: 

1. To prepare employees for the right jobs by imparting the required knowledge and skills. 

2. To enable employees to work more efficiently on their present jobs by exposing them to the latest concepts and techniques.