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Elements of Delegation: Authority, Responsibility & Accountability
The elements of delegation are the foundation of a successful management system. The act of delegating assigns responsibility and Authority…
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Decentralisation in Management: Meaning, Role, Pros and Cons
Decentralisation in management is the distribution of authority and the power to lower levels of management instead of higher levels.…
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Difference Between Business and Enterprise: Features & Examples
Business and enterprise differ according to scope, purpose, and structure. Business refers to an organised body of people who operate…
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Key Difference Between Business Profession and Employment Defined
The difference between the business profession and employment is how people acquire their livelihood. Business is defined as selling commodities…
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Types of Intermediaries: Financial, Non-Financial & Marketing
The intermediaries offer the flow of goods, services, and finance products between parties and allow them convenience in between the…