Question

How Do Business Policies Help In Business Management?

Answer 1

Answer:

it makes sure we don't do something wrong

Explanation:

Answer 2

Increase Operational Efficiency and Productivity with Better Business Policy Management.

Business policies are an important tool to ensure that the business operates at maximum efficiency.

Written in these policies is the blueprint for the whole organization's expected:

• Behavior
• Role
• Reporting

The main objectives of business policy:

Business Policy defines the scope or spheres within which decisions can be taken by the subordinates in an organization.

It also permits the lower level management to deal with the problems and issues without consulting top level management every time for decisions.

Policy important to a business:

Policies identify the key activities and provide a general strategy to decision-makers on how to handle issues as they arise.

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