Give any four points of importance of management in pre-Iiberalised ec

1.	Give any four points of importance of management in pre-Iiberalised economy?
Answer» Four points of importance of management in pre- liberalised economy are : 1. Nature of market was seller based, the seller formed the rules and regulations and people in that time followed it. 2. Nature of competition was very less as compared to the present. Today, the world is having cut-throat competition. 3. Source of competition was internal based. (Inside country only) 4. Main objective of the organisation is to earn maximum profits only.

Give any four points of importance of management in pre-Iiberalised economy?

Answer»

Four points of importance of management in pre- liberalised economy are :

1. Nature of market was seller based, the seller formed the rules and regulations and people in that time followed it.

2. Nature of competition was very less as compared to the present. Today, the world is having cut-throat competition.

3. Source of competition was internal based. (Inside country only)

4. Main objective of the organisation is to earn maximum profits only.