The Early Focus of the Systematic Study of Management Was

question 35

True/False

The early focus of the systematic study of management was on physical working conditions, principles of administration, and principles of industrial engineering.

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Definitions:

Manufacturing

The process of converting raw materials or components into finished goods through the use of tools, human labor, machinery, and chemical processing.

Service Products

Intangible goods provided to consumers, such as healthcare, education, and financial advising, which cannot be physically possessed.

External Product Development

The process where a company outsources product development activities to external partners.

Development Strategies

Comprehensive plans or methodologies aimed at achieving long-term goals, such as economic growth, product innovation, or market expansion.