Answer:
Generally speaking, there are five functions of Management. They are:
- Setting Objectives
- Planning
- Execution
- Measurement
- Control
The two functions of management identifiable from the passage are:
- The setting of Objectives and
- Control
Explanation:
Objectives in business are multilateral in nature. They speak to
- Identifying where the company wants to go
- How the company is going to get there
- Who the company will need to get there and
- What the company will need to get there
In the passage above, the company via it's general manager is defining clearly those the company will need and what each person's role is in helping to achieve such objectives
It is not the responsibility of the employee to define his or her own job or objectives. It is the responsibility of Management.
With regard to the second function which we will identify as Control, when management admits employees, there has to be structure otherwise there would be chaos.
It is the function of management to clearly define reporting lines. Who reports to whom? Who is responsible for overseeing who? Who will lead what team? etc.
We see from the passage that the general manager distributed jobs according to each employees ability. And in doing so also defined reporting lines.
This is an example of the Control function of management.
Cheers!
Recently I conducted a presentation to an audience composed mostly of teenager about the importance of team work. It took place at the American Corner of the State Library. It comprised of about 50 teenagers from various states.
<h3>How did you adapt it to your public?</h3>
Because they were teenagers, I used words that were more suited to their generation.
Because it was a pseudo (or semi) formal presentation, I was free to use words such as;
- Do.pe - cool or awesome
- Gucci - Good, cool, or going well.
- Lit - amazing
<h3>How did your auditors react? what did you get out of it?</h3>
The auditors were well informed about what I was doing so they welcomed it a a good idea.
The objective was to be able to communicate to them in a way that showed that the presenter understood them.
This helped the presenter to connect as well as communicate effectively.
Learn more bout presentation at;
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Answer:
Segmentation
Explanation:
Market segmentation is a study that decides whether the company splits its members or populations into smaller categories based on factors such as age, wealth, personality features or actions. These divisions will also be used to tailor goods and ads to specific consumers.
In the case of health insurance providers, they use market segmentation to maintain the difference between individuals and decide about their premium, desire and other benefits.
Answer: Price ceilings are beneficial to society, and are often necessary, in that they make sure that essential goods are financially accessible to the average person, at least in the short run. By lowering costs, price ceilings also have the beneficial effect of helping to stimulate demand, which can contribute to the health of an economy.
However, there can also be downsides to price ceilings. While they stimulate demand, price ceilings can also cause shortages. Where the ceiling is set, there is more demand than at the equilibrium price. This means that the amount of the good or service supplied is less than the quantity demanded.
For example: in agriculture, medicine, and education, many governments set maximum prices to make the needed goods or services more affordable. Producers may respond to such an economic situation by rationing supplies, decreasing production levels or lowering the quality of production, making the consumer pay extra for otherwise free elements of the good (features, options, etc.), and more.
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