Question

Significance of management science in business and industry

Answer 1

Management science (MS) is the broad interdisciplinary study of problem solving and decision making in human organizations, with strong links to management, economics,business, engineering, managementconsulting, and other sciences. ...Management sciences help businesses to achieve goals using various scientificmethods.
.
.
.
.
hope it helps u❤️❤️

Answer 2

Management science is effectively used for solving problems through strategic decision making processes in business organizations. The processes are effective in using scientific methods for managing the resources in the environment and raise the efficiency of the industrial sectors

Explanation:

• Management science has been effective in increasing the efficiency of working for the business organizations with solving problems and achieving the goals of the enterprise through strategic decision making. It has been very effective in maximizing the profits of the organizations through versatile scientific management techniques
• The management science has been effective in integrating various activities of the enterprises along with the factors of production to increase the productivity of the organisation. The scientific methods have helped in organizing the resources for achieving the objectives of the enterprises
• There were many scientific management methods that were initiated and used during the World War II. The various research and development methods of management science have been beneficial for the industrial sectors and for the betterment of the economy.

To know more about management science

Discuss the management science and business management

https://brainly.in/question/8097117