Management Principles and Practices Quiz

The process of adapting goods or services to meet the changing needs of customers

The process of allocating financial resources within an organization

The process of setting the strategy of an organization

The process of coordinating the efforts of employees to achieve organizational objectives (correct)

Setting the strategy of an organization

Adapting goods or services to meet the changing needs of customers

Coordinating the efforts of employees or volunteers (correct)

Allocating financial resources within an organization

Financial resources

Physical resources (correct)

Technological resources

Natural resources

<p>'Run the business' refers to the continued delivery of goods or services, while 'change the business' refers to adapting goods or services to meet the changing needs of customers</p> Signup and view all the answers

<p>The people who manage an organization</p> Signup and view all the answers