12th Class Business Studies Sample Paper Business Studies Sample Paper-7

  • question_answer
    "To manage is to forecast and plan, to organise to command, to coordinate and to control," enunciated by Fayol. Comment.

    Answer:

    This statement states that management is a continuous process because it involves a series of inter-related functions or elements to achieve stated objectives through the effective utilisation of human and material resources. It consists of setting the objectives of an organisation and taking steps to achieve these objectives. The management process includes planning, organising, staffing, directing and controlling functions.


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