Describe the Three Basic Types of Management Skills, and Relate

question 163

Essay

Describe the three basic types of management skills, and relate these skills to the tasks performed by different levels of management.

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Definitions:

Supply Chain Network Design

Planning and structuring a supply chain's logistics and distribution strategy to maximize efficiency and productivity.

Offshoring

The business practice of relocating manufacturing processes or services to another country to reduce costs.

Working Capital

Refers to a company's current assets minus its current liabilities, indicating the liquid capital available for day-to-day operations.

Freight Costs

The charges incurred for transporting goods from one place to another via sea, air, or land carriers.