Target Exam

CUET

Subject

Business Studies

Chapter

Nature and significance of Management

Question:

A firm is planning to increase its sales by 25% in the next quarter. Identify the feature of Management being highlighted.

Options:

Management is Goal Oriented Process

Management is Pervasive

Management is Continuous

Management is Art

Correct Answer:

Management is Goal Oriented Process

Explanation:

The correct answer is option 1- Management is Goal Oriented Process.

Management is Goal Oriented Process is highlighted in the given statement.

The firm's plan to increase its sales by 25% shows that it is working toward a specific objective. This highlights the feature that management focuses on achieving defined goals. 

Management is a goal-oriented process: An organisation has a set of basic goals which are the basic reason for its existence. These should be simple and clearly stated. Different organisations have different goals. For example, the goal of a retail store may be to increase sales, but the goal of The Spastics Society of India is to impart education to children with special needs. Management unites the efforts of different individuals in the organisation towards achieving these goals.