Question

why is management of business important?​

Answer 1

Answer:

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Good management makes a difficult task easier by avoiding wastage of scarce resource. It improves standard of living. It increases the profit which is beneficial to business and society will get maximum output at minimum cost by creating employment opportunities which generate income in hands.

Answer 2

Answer:

importance of management for every business organization are: 1. Management helps in Achieving Group Goals 2. Management Increases Efficiency 3. Management Creates a Dynamic Organisation 4. Management helps in Achieving Personal Objectives 5.

Explanation: