Question

Achieving a balance between competing and conflicting goals is called optimization. true or false

Answer 1

Statement is true

Explanation:

Every organization set up its goal generally for 10 year or greater term. Goal involves target on lots of factor like sales growth, cost cutting , profit maximization etc. For example production department will have goal of cost reduction by producing low cost product and sales department will have goal of increasing sales which he can do by offering different varieties of produce. There exist s competing and conflicting goal between production and sales manager. Manager has to achieve a balance between competing and conflicting goal and this is called Optimization.