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NATURE AND SIGNIFICANCE OF MANAGEMENT — OCM STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceOCMNATURE AND SIGNIFICANCE OF MANAGEMENT2 Marks
Question
Define management as per “Livingstone”.
✓

Answer

As per Livingstone, “Management is a function of achieving predetermined objectives of business unit with the use of minimum time and cost as well as making efficient use of available resources.

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