The Five Elements in the Management Process Are

question 82

Multiple Choice

The five elements in the management process are

• A) plan, direct, update, lead, and supervise
• B) accounting, finance, marketing, operations, and management
• C) organize, plan, control, staff, and manage
• D) plan, organize, staff, lead, and control
• E) plan, lead, organize, manage, and control

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Definitions:

Intercompany Scope

Relates to operations or activities that occur between or involve more than one company within the same corporate structure.

Market Responsiveness

The ability of a company to recognize, react to, and meet changing market demands and customer needs promptly and effectively.

Supply Chain

The interconnected network of entities, including suppliers, manufacturers, and retailers, involved in producing and delivering a product or service from raw material to end consumers.

Logistical Revenue

The income generated from activities related to the movement and storage of goods, as well as services provided in the logistics supply chain.