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Scientific Management Is the Process of Systematically Dividing Work into Its

question 46

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Scientific management is the process of systematically dividing work into its smallest possible elements and standardising work activities to achieve maximum efficiency.

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Definitions:

Forward Integration

A business strategy where a company extends its operations by moving towards the direct control of its distribution or supply chain further down the production process.

Retailer

A business or person that sells goods to the consumer, as opposed to a wholesaler or supplier.

Retailer-sponsored Cooperative

A group of independent retailers who collectively purchase goods, share marketing efforts, and distribution channels to compete with larger chains effectively.

Service-sponsored Retail System

A retail network established by a service provider to sell or distribute its services directly to consumers.

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