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    what is the meaning of the word "administration"within the retail business?

    0  Views: 882 Answers: 1 Posted: 14 years ago

    1 Answer

             Administration is the process or activity of running a business, organization. Administration sets policies and rules for its business, makes many financial decisions, pays the bills, includes human resources.      
             Administration delegates responsibility to department heads, who delegate responsibility to supervisors, who delegate or are responsible for the work their subordinates perform. 

             However, the administration is ultimately responsible for the success or failure of the business.  


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