Commodity and command process, Management Theories

Commodity

A commodity is an extremely standardized product, such as gold or corn.

Command Process

The use of middle authority, usually in the form of government, to choose policy regarding central issues faced by every economy. Usually, these questions stem from fundamentals like, "What will we produce? How much of it will we produce? To whom will we advertise it?" and engage government intervention in the distribution of resources to meet these ends.

 

Posted Date: 10/15/2012 8:15:22 AM | Location : United States







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