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Question

'A successful enterprise has to achieve its goals effect and efficiently.' Explain

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Solution

b'A successful enterprise has to achieve its goals effectively which means the goal should be achieved within the time period which is been provided to achieve the goals and efficiently which means that the goals should be achieved by optimizing the resources. Effectiveness refers to completion of work or achievement of target on time. Efficiency refers to optimum utilization of resources or no wastage of resources.'

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