Question : Which of the following is not an importance of management in the modern business world?
Option 1: Facilitating teamwork
Option 2: Enhancing decision-making
Option 3: Reducing competition
Option 4: Promoting innovation
Answer (1)
21st Jan, 2024
Correct Answer: Reducing competition
Solution : The correct answer is (c) Reducing competition
Management does not directly aim to reduce competition in the modern business world. In fact, competition is a natural and integral part of the business environment. Instead, management focuses on various other aspects to ensure the success and growth of the organization.
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