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







Related Discussions:- Commodity and command process, Assignment Help, Ask Question on Commodity and command process, Get Answer, Expert's Help, Commodity and command process Discussions

Write discussion on Commodity and command process
Your posts are moderated
Related Questions
M/s XYZ Ltd manufactures a product “PLVS” at its plant at Meerut, the maximum capacity of which is 200 units per month. Details of raw materials which go into the making of 1 units

What is Staffing Staffing: The process of recruiting, selecting, developing, training and evaluating people can be called staffing. Staffing is a continuous function, as peop

2. ‘Good inventory planning needs time (scheduling) and costs money.’ Critically evaluate this statement using examples (from inventory systems) to illustrate your understanding o


Q. Distinguish between centralization and decentralization? Based on delegation of authority organizations are classified into two kinds Centralization Entire Power is vested i


what is meant by photosynthetic nutrition


what are the practical consequences of incorporation?

in relation to growing diversity of human resource what challenges does management pose