Title: Managment Theory

Essay Details

Subject: Business
Author: Marilyn R
Date: July 3, 2015
Level: University
Grade: A
Length: 2 / 599
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

This understanding assists the management to plan for the future and design products for particular groups of people Economic and political: Includes; all the essential factor such as competitors, suppliers and customers in an open model of business the management must study the economy and political environment for a continual and dynamic relationship...

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In this system the management assumes that the business or company has both input and output. By studying the companies’ suppliers’, competitors and customers as well as current political factors, the management are capable of making effective managerial and decisions. The products designed under this should posses place, form and time utility to succeed in the mark place...

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