management
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Question
Transcribed Image Text:Are the four functions of
management important in very
small businesses (under
25 employees)? Why or why
not?
Expert Solution
Step 1
Small businesses become significantly more prevalent worldwide. Additionally, small businesses must work to boost revenue and lower unemployment in the neighborhood. Small business management is accomplished through the planning, organizing, directing, and controlling processes. In the organization, these four tasks are crucial. It aids them in achieving their objectives. Additionally, these objectives will be accomplished through people and material resources. The tasks involved in managing a small firm, which include organizing, leading, and controlling.
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