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Nature and Significance of Management — Business Studies STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceBusiness StudiesNature and Significance of Management1 Mark
Question
'Management increases efficiency'. How?
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Answer

Management increases efficiency by planning, organising, staffing, directing and controlling the activities of the organisation in such a manner, so as to generate maximum output with minimum costs.

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