Management

4. the exclusive possession or control of the supply of or trade in a commodity or service.
7. alliance a cooperative arrangement between two or more firms for mutual gain
8. using resources wisely, in a cost-effective way
10. is a group of people working together in a structured and coordinated fashion to achieve a set of goals
11. is the set of processes used to get members of the organization to work together to further the interests of the organization

1. is a theory of management, which main objective is improving economic efficiency, especially labor productivity.
2. are primarily responsible for implementing the policies and plans developed by top managers and for supervising and coordinating the activities of lower-level managers
3. depend on the manager’s ability to think in the abstract
5. involves determining how activities and resources are to be grouped
6. an individual’s personal beliefs about whether a behavior, action, or decision is right or wrong
9. was the first to identify the specific managerial functions of planning, organizing, leading, and controllin
10. a state of limited competition, in which a market is shared by a small number of producers or sellers