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Sia ? 6 years, 7 months ago

Activities that add value to the national income are called economic activities. These have two parts - market activities (production for pay or profit) and non-market activities (production for self-consumption).
Non-economic activities are the ones that do not add to the national income; for example, an individual performing domestic chores.

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Sia ? 6 years, 7 months ago

Features of management are as follows

  1. Goal-oriented process: Every organisation has a set of economic and social goals and management is meant to achieve these goals Management ensures efficiency and economy in the utilisation of human, physical and financial resources. As a top-level plan to the whole organisation and its synchronisation overall plan of the organisation with all the departments so it is a process to done work effectively and efficiently.
  2. Group activity: An organisation is a group of different individuals with different skills Management directs and uses all such skills and activities of different individuals toward the achievement of common organisational goals. For example, single persons don't have a need for management because he has to perform every activity himself but for a big organisation, it is always a necessary part to get successful in a competitive market. 
  3. Intangible force: Management is an intangible force as it cannot be seen but its presence can be felt when targets are achieved as per the pre-determined plans and all the activities of management are coordinated with each other to get the goal achieved efficiently and effectively.
  4. All pervasive: Management is all pervasive as it is applicable in all types of organisation, In all activities and at all levels either you are in a hospital or in a school it is always required at every level.

Yash Pandat 6 years, 7 months ago

Bhai mind your own business YouTube channel is best for business studies class 12
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Suruchi Shrivastav 6 years, 7 months ago

Sole proprietorship

Sia ? 6 years, 7 months ago

sole proprietorship
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Sia ? 6 years, 7 months ago

Nature of management principles can be described as follows:

  1. Universal Applicability: The principles of management are pervasive in nature. They can be applied in any type of organisation irrespective of the nature of the organisation.
  2. General Guidelines: They are only guidelines for action and don't provide a direct or readymade solution for a managerial problem. They have to be modified as per the requirement of the situation.
  3. Formed by practice and experimentation: The principles of management have been developed through experimentation as well as the experience and wisdom of managers. This is the reason why they are more practical in nature.
  4. Flexible: They are flexible i.e. they can be modified by the managers according to a given situation. It also exhibits the ability of the manager to adapt to a particular situation quickly.
  5. Mainly behavioural: They are mainly behavioural in nature since they are devised to influence human behaviour. 
  6. Cause and effect relationship: The principles of management establish a relationship between cause and effect. They guide us as to what would be the effect if a particular principle were to be applied in a given situation. The situation is the real cause of application of the principle.
  7. Contingent: The use of principles of management is contingent or dependent upon the prevailing conditions.  Therefore , they are subjective in nature.
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Suruchi Shrivastav 6 years, 7 months ago

Can u explained it ??

Gyan Prakash 6 years, 7 months ago

Because it links all the functions of management.
  • 1 answers

Jagdish Singh 6 years, 7 months ago

Social,Environmental ,Legal
  • 3 answers

Tanya Jaiswal 6 years, 7 months ago

Latest book sandeep garg with case studies

Jyoti Arora 6 years, 7 months ago

Sandeep Grg 

ND u can also take exam idea for case study

Akshat Jain 6 years, 7 months ago

Sandeep garg
  • 2 answers

Dhruvi Dwivedi 6 years, 7 months ago

so how could he get justice? ?

Akshay Nagar 6 years, 7 months ago

Consumer can't do anything because of the low of that country.
  • 3 answers

Tanya Jaiswal 6 years, 7 months ago

1)lack of specialisation which will lead to inefficiency 2)lesser productivity

Suruchi Shrivastav 6 years, 7 months ago

1) Burden of work on individual employee. 2delay in acheiving goal 3) efficiency of employees decrease

Harsjsldm Nndndm 6 years, 7 months ago

Don't knkw
  • 2 answers

Suruchi Shrivastav 6 years, 7 months ago

Only organisational objectives ?

Akshay Nagar 6 years, 7 months ago

Management wants to achieve thier organisationl targets in the best manner.
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Akshay Nagar 6 years, 7 months ago

1. Right selection of product. 2. Not to be shy. 3. Purchase branded. 4. Get all the information about product. 5. Take all the knowledge. 6. Purchase from good platform.
  • 1 answers

Shaina Rajput 6 years, 7 months ago

All business and non business activities
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