Foundations of Business - Standalone book (MindTap Course List)
Foundations of Business - Standalone book (MindTap Course List)
4th Edition
ISBN: 9781285193946
Author: William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher: Cengage Learning
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Chapter 6, Problem 1CC
Summary Introduction

To determine: The meaning of management.

Introduction: The term business is defined as the planned exertion of people to manufacture and trade, for revenues, the goods and services that fulfill the requirements of the people. A business must be designed in such a way that it is managed efficiently, gratify the needs and should make profits.

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Explanation of Solution

Management: Management is a solitary or gathering of people who challenges and directs a man or aggregate gathering of individuals in endeavoring to achieve required objectives and targets. It is the way toward planning individuals and different assets to accomplish the objectives of a business.

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