Scientific Management focused on handling people with less conflict and building trust between the management and the workers to achieve higher efficiency and productivity. Administrative principles approach focused on the organization rather than the workers. In Administrative approach, they achieve higher efficiency and productivity by controlling, organizing, planning and commanding individual workers.
The commodity markets are those in which raw or primary products are traded. There is a distinction between hard and soft commodities.
- Soft commodities are products from agriculture or livestock such as wheat, barley or milk.
- Hard commodities comprise products from minery or extraction activities, such as silver, oil or coal.
Answer:
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Explanation:
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