Explain the following terms/concept. Management - Organisation of Commerce and Management

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Definition

Explain the following term/concept.

Management

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Solution

Management is a set of principles which relate to the various functions such as planning, organizing, staffing, directing, coordinating, controlling etc. which are helpful in achieving organizational goals. According to Henry Fayol, "To manage is to forecast and to plan, to organize, to command and to control."

Concept: Functions of Management
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Chapter 2: Functions of Management - Exercise [Page 34]
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