Question

Brefely explain the significance of principle of management

Answer 1

Answer:

It helps in Achieving Group Goals - It arranges the factors of production.

Explanation:

Optimum utilisation of resources and efficient management: Both material and human resources are obtainable with the firm are restricted. ... By the best utilisation, the resources must be put to utilisation in such a way that they should give the most profit with minimum cost.

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