DECISION MAKING

Decision Making is the thinking within one's own mind upon a course of action and coming to a conclusion. It pervades all organizational structure because  it cuts  across everything manager has to do in the organization.

Decision Making is a way towards problem solving and it must be said that decision comes in where there are alternatives from choice of decision must be made. However, there must be a situational incident before decision could be thought of.

PERSONNEL MANAGEMENT

Personnel Management is the function that is concerned with developing and utilizing the manpower resources of a business to an optimum extent in achieving the objectives of the business. It is concerned with people at work and their relationship within an enterprise.

MARKETING MIX

Marketing Mix is a particular blend of controllable marketing variables that a firm uses to realize/obtain its objectives in the target market.The elements or variables of the marketing mix are commonly referred to as the 4Ps which include Product, Price, Place and Promotion.It must be stressed that all marketing activities revolves around them and they are mutually dependent and they are never in isolation.

FACTORS OF PRODUCTION

Factors of Production is that good or service which is required for production.
A Factor of Production is indispensable for production because without it, no production is possible.
LAND: refers not only to the surface of land but to all gifts of nature such as rivers, oceans, climate, e.t.c.
LABOUR: refers to all mental and pgysical work undertaken for some monetary rewards. It is essential for production.
CAPITAL: means all man-made resources. It comprises all wealth other than land which is used for further production of wealth.
ORGANISATION: refers to the services of an entrepreneur who controls, organises and manages the policy of a firm, innovates and undertakes all risks.

FACTORS OF PRODUCTION

Factors of Production is that good or service which is required for production.
A Factor of Production is indispensable for production because without it, no production is possible.
LAND: refers not only to the surface of land but to all gifts of nature such as rivers, oceans, climate, e.t.c.
LABOUR: refers to all mental and pgysical work undertaken for some monetary rewards. It is essential for production.
CAPITAL: means all man-made resources. It comprises all wealth other than land which is used for further production of wealth.
ORGANISATION: refers to the services of an entrepreneur who controls, organises and manages the policy of a firm, innovates and undertakes all risks.