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The last step in the process of controlling is ‘taking corrective actions’. Briefly explain the steps in chronological order that are taken in the process of controlling before this step. |
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Answer» Steps in the process of controlling before taking corrective action are: (i) Setting performance standards (ii) Measuring actual performance (iii) Comparing actual performance with standards (iv) Analysing deviations • Critical Point Control • Management by Exception |
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