GENERAL KNOWLEDGE

Detailed explanation-1: -Management is defined as the procedure of organising, directing, planning and controlling the efforts of organisational members and of managing organisational sources to accomplish particular goals. Planning is the purpose of ascertaining in advance what is supposed to be done and who has to do it.

Detailed explanation-2: -Purchasing. Purchasing managers and buyers are responsible for buying raw materials and finished goods in all businesses. Buyers must compare prices and determine the quality of products a company will use to build products or sell to customers.

Detailed explanation-3: -At the most fundamental level, management is a discipline that consists of a set of five general functions: planning, organizing, staffing, leading and controlling. These five functions are part of a body of practices and theories on how to be a successful manager.

Detailed explanation-4: -The management functions of planning, organizing, leading, and controlling are widely considered to be the best means of describing the manager’s job, as well as the best way to classify accumulated knowledge about the study of management.