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Chanchal Garg 7 years, 1 month ago
Posted by Abhishek Thakur 7 years, 1 month ago
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Gaurav Seth 7 years, 1 month ago
The statement, 'an effort to control everything may end up in controlling nothing' is in regard with the principle of 'Management by Exception'. It stresses on the fact that everything cannot be effectively controlled. According to this principle, rather than controlling each and every deviation in performance, an acceptable limit of deviations in various activities should be set and only those deviations that go beyond the acceptable range should be brought to the notice of the managers for control. In other words, only the major deviations which are beyond permissible limit should be acknowledged. For instance, suppose the acceptable range of increase in the input cost is set at 3 percent. In this case, only a more than 3% increase in the input cost (say 7%) should be brought to the notice of the managers. On the other hand, a less than 3% increase (say 1%) should be neglected. Hence, an effort should be there to control only the major things instead of trying to control everything.
Posted by Shivam Lohia 7 years, 1 month ago
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Posted by Sanju Gautam 7 years, 1 month ago
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Haider Kasamji 7 years, 1 month ago
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Posted by Anmol Jain 7 years, 1 month ago
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Gaurav Seth 7 years, 1 month ago
| Meaning | A deduction in the purchase price given to the buyer, by the seller for various reasons, is known as discount. | The rebate is the amount of the purchase price refunded by the seller to the buyer, when the quantity purchased reaches the specified limit. |
| Type of strategy | Marketing strategy | Sales promotion strategy |
| When is it provided? | When advance is paid or payment is made in time. | At the time of making full payment. |
| Available to | All the customers | Specific customers |
| Given on | Each item purchased by the customer. | Only if the value of goods or quantity purchased reaches the specified limit. |
Posted by Prakash Parmar 7 years, 1 month ago
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Prakash Parmar 7 years, 1 month ago
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Posted by Kanak Khandelwal 7 years, 1 month ago
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Yogita Ingle 7 years, 1 month ago
Management of work : All organisations exist for the performance of some work. In a factory, a product is manufactured, in a garment.
Posted by Kanak Khandelwal 7 years, 1 month ago
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Raghav Jethalia 7 years, 1 month ago
Posted by Kanak Khandelwal 7 years, 1 month ago
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Karnika Thakkar 7 years, 1 month ago
Posted by Kanak Khandelwal 7 years, 1 month ago
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Yogita Ingle 7 years, 1 month ago
The type of plan that is time bound and linked with measurable outcomes is 'Objective'. The objectives define in quantitative terms the specific desired results that are to be achieved within a given period of time.
Posted by Kanak Khandelwal 7 years, 1 month ago
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Yogita Ingle 7 years, 1 month 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.
Posted by Rose Mathew 7 years, 1 month ago
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Riya Jain 7 years, 1 month ago
Posted by Abhishek Pandey 7 years, 1 month ago
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Posted by #Ishika Garg 7 years, 1 month ago
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Gaurav Seth 7 years, 1 month ago
You ll get all the revision notes of respective subjects in mycbseguide app or website.
Posted by Abhinav Rajput 7 years, 1 month ago
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Vansh Rastogi 7 years, 1 month ago

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