What Are the Four Basic Functions of Management

question 2

Short Answer

What are the four basic functions of management?

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Definitions:

Place Utility

Refers to the increased value that is added to goods by having them available at a location where they are wanted by consumers.

Product Available

The state of having goods or services ready for sale or distribution to consumers.

Marketing Plan

A comprehensive document that outlines a company's advertising and marketing efforts for the coming period, detailing strategies to reach target markets.

Specific Activities

Particular tasks or operations that are designed to achieve certain objectives within a project or process.