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Explain how management 'increases efficiency' and …

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Explain how management 'increases efficiency' and 'helps in the development of society'?

Posted by Kanak Khandelwal 6 years, 11 months ago

CBSE > Class 12 > Business Studies

1 answers

Yogita Ingle 6 years, 11 months ago

(i) Increases efficiency A manager achieves efficiency and reduces costs through proper planning, organizing, directing and controlling.
(ii) Helps in the development of society Management contributes to the development of society by producing good quality products at reasonable prices, using eco-friendly methods of production,
providing schools, hospitals and cretches to the employees.

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