Maharashtra State BoardHSC Commerce 12th Board Exam
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The First and Basic Function of Management - Organisation of Commerce and Management

The first and basic function of management

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Solution

 Planning is the first and the basic function of management.
Planning can be defined as a process of setting goals and objectives for a given period of time, evaluating alternatives for the course of action and deciding an appropriate action from various alternatives. It is the first function of management.

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