Unity of Direction Principle Proposes That Similar Activities in an Organization

question 106

True/False

Unity of direction principle proposes that similar activities in an organization should be grouped together under one manager.

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Definitions:

MR

In economics, Marginal Revenue is the additional income received from selling one more unit of a good or service.

Peak Efficiency

The maximum point where resources are utilized in the most efficient way possible without wastage.

Maximizing Profits

The process of adjusting production or operations to achieve the highest possible profitability from the business activities.

Perfectly Competitive Firms

Companies operating in a market where no individual firm has the power to influence market prices or product quality, ensuring no barriers to entry or exit.