Examlex
What are the five major management functions as defined by Henri Fayol?
Short Supply
Short supply refers to a market condition where the availability of a good or service is less than the demand for it, often leading to higher prices.
Profitable Use
The application of resources in a manner that generates a financial gain or benefit to the user or owner.
Shortage
A situation where the demand for a product or service exceeds its supply in a market.
Quantity Supplied
The amount of a good or service that producers are willing to sell at a given price over a specific period.
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