Business management chapter 5 quizlet

  • What is an important purpose of management is to the business?

    Let's check the importance of management: Helps achieve company's goals: Managers help to achieve the organization's goals.
    Managers set the vision and strategy of an organization and manage resources and people in order to successfully reach those goals..

  • The process of managing the overall functions of a business is called business management.
    These functions include planning, organizing, and directing a company's resources to improve efficiency and achieve business goals.

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