1it leads to product growth
2 it leads to efficient use of factors of production
3it provides optimum use use of technological improvements
4quick decision making
5use of skilled salesmen
without suppliers, there is no business.ANSWERTo sustain the business operations of a company or an organization, suppliers are needed to provide the necessary goods and services.
A non-business organization or non-profit organization is an organization which is not concerned with making money. An example is a charity.
business
Identify business organization activities discuss in details?
The least common form of business organization in the US is the partnership.
what are the importance of E-business
plays vital role in classification and analyses of data
Being aware of micro and macro environments in a business organization is important to keep a full view of a business and the way it is impacting each and every sector that it is reaching.
what is the importance of personnel in an organization
It's important to plan in a business organization because the lack of planning can cause problems that otherwise wouldn't be there. It is wise to plan ahead for personnel, finances and other factors.
Finance is important in business because it can help the business remain operational if managed correctly. Mismanagement of finances means that the business will start operating in the red.
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There is great importance in file organization. This type of organization can be easily looked through and files are easy to retrieve.
of what importance is planing to an organisation
It is the process of starting a business or other organization. Its importance in India is that it boosts the economy since most people have their own businesses.
what is the importance of managerial economics principles in the modern organization?
1. Business Skills are polished. 2. MBA is a entry ticket for entering an organization 3. Network management