Management increases efficiency. How? - Commerce

Open in App

Solution

Management improves efficiency because there is a reduction in the wastage of resources such as time, money, and effort. With the help of management, there is a coordination among different sectors of the organizations. Also, every individual will start to work towards a common goal.

Suggest Corrections

Similar questions

The principles of management are significant because of

(a) Increase in efficiency

(b) Initiative

(d) Adaption to changing technology

Join BYJU'S Learning Program