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Management in layman terms refers to the task of managing the resources available, in the most effective and efficient way, to accomplish the desired goals and objectives of individuals or of the organization as a whole. Management is used in every aspect of our day to day life as we need to manage things with the resources present around us to achieve the desired results as perceived by us. Hence, the scope of Management varies from a housewife managing the house to a CEO of a large company managing the Company's resources.

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