The concept of determining the objectives of a business and stating how they can be actualized is

Assessment: WAEC SSCE - Commerce - 2021 (Objective) Subject: Commerce

Question 1 Report

The concept of determining the objectives of a business and stating how they can be actualized is 

Answer Details
The concept you are describing is called "planning". Planning is the process of determining the objectives or goals of a business and figuring out how to achieve them. It involves analyzing the current situation, identifying potential obstacles and opportunities, and developing a roadmap or strategy to reach the desired outcomes. Planning is essential for businesses to stay on track and make progress towards their objectives.
Read lesson note on Elements Of Business Management (JAMB)
Read lesson note on Introduction To Business Management (WAEC)
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