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Question

Bhuvan, Rishab and Piyush have decided to start a business of manufacturing toys. They identified the following main activities which they have to perform:
(i) Purchase of raw materials
(ii) Purchase of machinery
(iii) Production of toys
(iv) Arrangement of finance
(v) Sale of toys
(vi) Identifying the areas where they can sell their toys
(vii) Selection of employees
In order to facilitate the work they thought that four managers should be appointed to look.
After: (a) Production (b) Finance
(c) Marketing (d) Personnel
(A) Identify the function of management involved in the above mentioned para.
(B) Quote the lines from the above para which help you in identifying this function.
(C) State the steps followed in the process of this function of management.

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Solution

(A) Organizing is the function of management involved in above-mentioned para.
B) The lines which helped to identify are:
(i) Identified the following main activities.
(ii) In order to facilitate they thought of four managers to look after:
(a) Production, (b) Finance, (c) Marketing, (d) Personnel.
(C) The steps involved in the process of organizing are:
(i) Identification and division of work
(ii) Grouping the jobs and departmentalization
(iii) Assignment of duties
(iv) Establishing a reporting relationship.


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