Question

A manager analyses sales data and market evidence before choosing a pricing strategy instead of relying on guesswork. Which significance of management principles does this reflect?

पर्याय

• Meeting changing environmental requirements

• Scientific decisions

• Fulfilling social responsibility

• Basis for management training, education and research

Answer 1

Decisions based on logic and evidence illustrate "Scientific decisions," wherein management principles enable managers to take logical, evidence-based decisions.