control is the most
useful technique in
implementing the objectives of
the company with minimum
possible cost and maximum
possible efficiency.
Answers
Answer:
Step-by-steStep-by-stepStep-by-steStep-by-steppp explanation:
Concept:
Control is the comparison of the actual performance with the set standards of the company so the the activities performed are in accordance with the plan and if there are any deviations , the corrective actions can be taken.
Explanation:
• Guides operations- Every company has certain objectives to be implemented. For such implementation certain standards are fixed and all the operations have to be done according to such standards,hence guiding the operations in the right direction.
• Minimum possible cost- controls increases the profit of the organisation by making the optimum utilisation of the available resources and minimising the wastage of human, material and financial resources.
• Facilitates delegation- the superiors can evaluate the work of their subordinates using those standards. They can focus on important tasks while delegating the less important ones to the subordinates.
• Facilitates co-ordination- In case of deviations, the departments come together to take collective and corrective decisions.
Hence, we can conclude that control leads to high returns and low cost and therefore increasing the efficiency.
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