GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Ensures that the employees understand all the business’s activities.
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Enables the business to prepare precise forecasts.
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Establishes clear relationship among the company’s resources
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defines the company’s mission statement
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Detailed explanation-1: -It ensures unity of action among individuals, work groups and departments, and brings harmony in carrying out the different activities and tasks so as to achieve the organizational goals efficiently. The concept of coordinating always applies to group efforts.
Detailed explanation-2: -Organizing is the function of management that involves developing an organizational structure and allocating human resources to ensure the accomplishment of objectives.
Detailed explanation-3: -2. Organizing. Managers coordinate activities and resources to move established plans closer to realization. Within this step, managers decide on objectives and then determine the steps they need to take to reach them.
Detailed explanation-4: -Because organizational structure improves tracking and accountability, that structure helps businesses determine the resources it needs to grow. Similarly, organization is essential for product diversification, such as the development of a new product line. Organization aids business efficiency and helps reduce waste.