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Question 1. What is Management ?

Question 2. List out the management tools give details .

Solutions

Expert Solution

1. “Management” is a distinct ongoing process of allocating inputs of and organization [Human and Economic resources] by typical managerial functions [Planning, organizing, Directing and Controlling] for the purpose of achieving stated objectives [Output of goods and Services] desired by its customers.

2.List of the management tools:

Tools of management have been developed such as, accounting, business law, psychology, statistics, econometrics, data processing, etc.


 

 

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