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"The aim of a manager is to reduce costs and increase productivity through better planning, organising, directing, staffing and controlling the activities of the organization". The statement highlights which point of importance of management?

Solution

✅ Correct Option: 1

Reducing costs and increasing productivity through better planning, organising, staffing, directing and controlling means achieving maximum output with minimum resources. This is the essence of efficiency, so the statement highlights that management increases efficiency as a point of its importance.

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