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Questions
Explain 'Universal Applicability' as a feature of principles of management.
Explain the following characteristic of principles of management.
Universal applicability
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Solution
Management principles can be used globally in any circumstance, subject to the conditions and requirements of the situation. For example, regardless of size (small, medium, or large), every business must adhere to sales and marketing concepts in order to sell their products/services. However, techniques to sales and marketing will differ based on the nature of the product/service and the representative industry.
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