The Expected result of a Management function is Evaluating (Controlling).
<h3> What do managers evaluate in the controlling function?</h3>
- The concept of management involves controlling and guiding personnel and resources within the organization.
- It includes planning, making decisions, motivating, leading, and carrying out different functions to achieve goals and objectives efficiently and effectively.
- The functions of management are interconnected, and differentiation between them is highly subjective. Therefore, they are non-linear.
- The control function assesses whether goals were achieved and is often used to evaluate the performance of employees, departments, and the organization as a whole.
- The measurement of performance can be done in several ways, depending on the performance standards, including financial statements, sales reports, production results, customer satisfaction, and formal performance appraisals.
- Managers at all levels engage in the managerial function of controlling to some degree.
- Controlling involves ensuring that performance does not deviate from standards.
- Controlling consists of three steps, which include (1) establishing performance standards, (2) comparing actual performance against standards, and (3) taking corrective action when necessary.
- Performance standards are often stated in monetary terms such as revenue, costs, or profits but may also be stated in other terms, such as units produced, number of defective products, or levels of quality or customer service.
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Answer:
stem from cost-saving strategic fits along the value chains of related multiple businesses.
The examples of firms and the goods they produce in the following market systems are:
Perfect competition- Foreign exchange markets.
Currency
Oligopoly - Auto Industry.
Cars.
Monopoly - Providers of water.
Water
Monopolistic competition - Restaurants
Food
Effective competition- Supermarkets
Wide range of products
<h3>What is Monopoly?</h3>
This refers to the situation where one business has total control of a market share and has no competition in the market.
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Answer:
Gabbie is in the Information Search phase of the consumer decision process. This is the second phase.
Explanation:
The Consumer Decision Process is a situation in which a consumer passes through the phases listed below in order to make a final purchase decision.
1. The first phase where the consumer recognizes a need they have to fulfil.
2. The second phase in which Information search is carried out in order to determine how best to meet this need.
3. The third phase which Alternative Evaluation phase. Here, the consumer evaluates each medium that can fulfil their needs.
4. The fourth phase, which is the decision making phase. Here, the consumer makes their purchase decision based on the evaluation of alternatives in the previous phase.