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Business Studies

Goal Oriented Process, Pervasive and Multidimensional

"Management i...

Question

"Management is the life giving element in every business, without it the resources of production remain resources and shall never become production"/ Comment.

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Solution

Yes, it is right to say that management is life giving element in every business because without proper management and planning growth and profit do not occur in any business.

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Management is the dynamic, life giving element in every business. In the context of this statement, explain the importance of management in modern times.

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(2) It helps the country to keep balanced approached in social order
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(5) It get maximum results through minimum input by proper planning and by using minimum input.

Select the correct answer from the options given below :-

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