Two Management Functions in the Theory of Administration (Fayol) Are

question 27

Short Answer

Two management functions in the theory of administration (Fayol) are ______________ and ______________.

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Definitions:

Organizational Buying Criteria

Factors that businesses consider when making purchasing decisions, including price, quality, service, and supplier reputation.

Supplier's Products

Goods or materials that are provided by vendors or manufacturers to businesses or consumers.

Objective Attributes

Observable and measurable product features that can influence consumer decisions, such as price, quality, and functionality.

Buyer-seller Relationships

The ongoing interactions and engagements between buyers and sellers, which can influence the buyer's satisfaction, loyalty, and repeat purchase behavior.