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Principles of Management — Business Studies STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceBusiness StudiesPrinciples of Management3 Marks
Question
Explain how principles of management:
Help the managers in meeting changing environment requirements.
✓

Answer

Meeting Changing Environmental Requirements: In modern times only such a business unit can remain alive and develop which can keep pace with the rapidly changing environment. In every field of business activity (production, marketing, etc.) new techniques are emerging every day. A manager who can understand the changing situation well in time can alone face competition successfully. The principles of management enable the managers to face this challenge.

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