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A Manager Who Wants to Use the Principles of Scientific

question 77

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A manager who wants to use the principles of scientific management will


Definitions:

Global Automobile Market

The international sector involving the manufacturing, distribution, and sale of motor vehicles.

Annual Revenue

The total income generated by a business or entity from its activities over the course of a year, excluding expenses.

Profit Margins

Profit margins describe the percentage of revenue that remains as profit after all expenses have been deducted.

Expenses

The costs incurred by a business or individual in the process of earning revenue, including operational and administrative costs.

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