Give any four points of importance of management after liberalisation

1.	Give any four points of importance of management after liberalisation policy.
Answer» Four points of importance of management after liberalisation are as follows : 1. Nature of market is buyer-based, sellers have to work as per the buyer’s requirements. 2. Competition is very tough. Many sellers offer a single commodity, it’s customer’s choice which to buy. Previously options were less. 3. Now, whole world is a market, no boundaries of internal trade, etc. 4. Survival of the organisation now depends on the satisfaction of stakeholders, customers etc.

Give any four points of importance of management after liberalisation policy.

Answer»

Four points of importance of management after liberalisation are as follows :

1. Nature of market is buyer-based, sellers have to work as per the buyer’s requirements.

2. Competition is very tough. Many sellers offer a single commodity, it’s customer’s choice which to buy. Previously options were less.

3. Now, whole world is a market, no boundaries of internal trade, etc.

4. Survival of the organisation now depends on the satisfaction of stakeholders, customers etc.