Q2." In the absence of this, the productive resources will remain resources and shall never become
production." Explain the significance of the concept highlighted in the above line.
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According to this statement, without management an enterprise is merely a collection ofresources of production, such as, manpower, machinery, money and material. In other words,without management, resources of production will remain resources and shall never beconverted into production. The importance of management can be understood from the factsgiven below:
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