Business Studies · Importance of Management
'Management aims at reducing costs and increasing productivity through better planning, organizing, and directing.' Which importance of management is highlighted in this statement?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Management helps in achieving group goals
- 2Management increases efficiency✓
- 3Management creates a dynamic organization
- 4Management helps in the development of society
Correct answer
Management increases efficiency
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