 | INFINITY COURSE Management Science – principles, models & applications404 students learning this week · Last updated on Apr 14, 2026 |
Management Science by NPTEL is a comprehensive course offered by EduRev that focuses on the fundamentals of business basics. This course provides a de ... view more ep understanding of management principles and techniques, enabling learners to make informed decisions in the business world. With a strong emphasis on practical application, this course covers key topics such as planning, organizing, and controlling. Join this course to gain essential knowledge and skills in management science for successful business operations.
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Management Science by NPTEL for Business Basics Exam Pattern 2026-2027
Management Science by NPTEL Exam Pattern for Business Basics
The NPTEL (National Programme on Technology Enhanced Learning) offers a comprehensive course on Management Science, specifically focusing on Business Basics. This course is designed to provide learners with a solid foundation in various principles and concepts of management that are essential for running successful businesses.
The exam pattern for the Management Science course by NPTEL follows a structured approach to assess the understanding and knowledge of learners in the field of Business Basics. The exam is conducted online and consists of both objective and subjective type questions.
Key Pointers:
1. Online Exam: The exam for Management Science by NPTEL is conducted online, allowing learners to take the exam from the comfort of their homes or any convenient location with internet access.
2. Objective and Subjective Questions: The exam consists of a combination of objective and subjective questions. Objective questions are multiple-choice questions that require learners to select the correct answer from the given options. Subjective questions, on the other hand, require learners to provide detailed written responses.
3. Comprehensive Coverage: The exam covers a wide range of topics related to Business Basics, including but not limited to management principles, organizational structure, business ethics, marketing strategies, financial management, and human resource management.
4. Weightage: Each question in the exam carries a certain weightage, which indicates its importance in the overall assessment. The weightage of each question may vary based on its complexity and relevance to the course content.
5. Time Duration: The exam has a specified time duration within which learners must complete all the questions. The time duration is designed to test the learners' ability to manage their time effectively and provide accurate responses within the given constraints.
6. Preparation Material: NPTEL provides learners with comprehensive study materials, lecture videos, and quizzes to aid in their exam preparation. These resources cover all the necessary concepts and topics that will be assessed in the exam.
7. Grading and Certification: The exam results are evaluated based on the learners' performance in both objective and subjective questions. Upon successful completion of the exam, learners receive a certificate from NPTEL, which adds value to their resume and demonstrates their knowledge in Business Basics.
In conclusion, the exam pattern for the Management Science course by NPTEL for Business Basics follows a well-structured approach to assess learners' understanding of various management principles and concepts. The online exam format, combination of objective and subjective questions, comprehensive coverage of topics, and the availability of preparation materials contribute to a holistic learning experience.
The NPTEL (National Programme on Technology Enhanced Learning) offers a comprehensive course on Management Science, specifically focusing on Business Basics. This course is designed to provide learners with a solid foundation in various principles and concepts of management that are essential for running successful businesses.
The exam pattern for the Management Science course by NPTEL follows a structured approach to assess the understanding and knowledge of learners in the field of Business Basics. The exam is conducted online and consists of both objective and subjective type questions.
Key Pointers:
1. Online Exam: The exam for Management Science by NPTEL is conducted online, allowing learners to take the exam from the comfort of their homes or any convenient location with internet access.
2. Objective and Subjective Questions: The exam consists of a combination of objective and subjective questions. Objective questions are multiple-choice questions that require learners to select the correct answer from the given options. Subjective questions, on the other hand, require learners to provide detailed written responses.
3. Comprehensive Coverage: The exam covers a wide range of topics related to Business Basics, including but not limited to management principles, organizational structure, business ethics, marketing strategies, financial management, and human resource management.
4. Weightage: Each question in the exam carries a certain weightage, which indicates its importance in the overall assessment. The weightage of each question may vary based on its complexity and relevance to the course content.
5. Time Duration: The exam has a specified time duration within which learners must complete all the questions. The time duration is designed to test the learners' ability to manage their time effectively and provide accurate responses within the given constraints.
6. Preparation Material: NPTEL provides learners with comprehensive study materials, lecture videos, and quizzes to aid in their exam preparation. These resources cover all the necessary concepts and topics that will be assessed in the exam.
7. Grading and Certification: The exam results are evaluated based on the learners' performance in both objective and subjective questions. Upon successful completion of the exam, learners receive a certificate from NPTEL, which adds value to their resume and demonstrates their knowledge in Business Basics.
In conclusion, the exam pattern for the Management Science course by NPTEL for Business Basics follows a well-structured approach to assess learners' understanding of various management principles and concepts. The online exam format, combination of objective and subjective questions, comprehensive coverage of topics, and the availability of preparation materials contribute to a holistic learning experience.
Management Science by NPTEL Syllabus 2026-2027 PDF Download
Syllabus for Business Basics Management Science by NPTEL
1. Introduction to Business Basics
- Definition and scope of business basics
- Importance of business basics in management science
- Overview of different aspects of business basics
2. Understanding the Business Environment
- Analysis of internal and external business environment
- Factors affecting business operations and decision making
- Impact of political, economic, social, technological, and legal factors on business
3. Business Organization and Structure
- Types of business organizations (sole proprietorship, partnership, corporation)
- Functions of various departments within a business organization
- Organizational structure and hierarchy
4. Business Ethics and Corporate Social Responsibility
- Importance of ethical behavior in business
- Ethical dilemmas and decision making in business
- Corporate social responsibility and its impact on business reputation
5. Business Planning and Strategy
- Understanding the process of business planning
- Setting objectives and goals for business success
- Developing effective business strategies
6. Marketing and Sales Management
- Basics of marketing and its role in business
- Market segmentation and targeting
- Sales management techniques and strategies
7. Financial Management
- Introduction to financial management
- Financial statements and their analysis
- Budgeting and financial planning
8. Operations Management
- Understanding the operations function in a business
- Production planning and control
- Quality management and improvement
9. Human Resource Management
- Importance of human resource management in business
- Recruitment, selection, and training of employees
- Performance appraisal and employee motivation
10. Business Communication and Negotiation
- Effective communication skills in business
- Types of business communication (verbal, written, nonverbal)
- Negotiation techniques and strategies
11. Entrepreneurship and Innovation
- Role of entrepreneurship in business
- Types of entrepreneurs and their characteristics
- Encouraging innovation and creativity in business
12. Global Business and International Trade
- Understanding the global business environment
- International trade and its impact on business
- Challenges and opportunities in global markets
13. Business Risk Management
- Identifying and assessing business risks
- Risk mitigation strategies and techniques
- Importance of effective risk management in business
14. Business Decision Making
- Types of business decisions
- Decision-making models and techniques
- Ethical considerations in business decision making
15. Business Leadership and Management
- Role of leadership in business success
- Different leadership styles and their effectiveness
- Principles of effective management
16. Business Innovation and Technology
- Importance of technology in business innovation
- Leveraging technology for business growth
- Impact of digital transformation on business
17. Business Law and Regulations
- Understanding legal frameworks and regulations in business
- Contract law and its implications
- Intellectual property rights and their protection
18. Business Analytics and Data-driven Decision Making
- Introduction to business analytics
- Data collection, analysis, and interpretation
- Using data for informed decision making
19. Business Sustainability and Green Management
- Importance of sustainable business practices
- Environmental and social responsibility in business
- Implementing green management strategies
20. Business Success and Continuity
- Factors contributing to business success
- Business continuity planning and risk mitigation
- Strategies for sustaining long-term business growth
Note: This syllabus is for the Business Basics Management Science course offered by NPTEL. The course content and organization may vary depending on the specific requirements of the program.
1. Introduction to Business Basics
- Definition and scope of business basics
- Importance of business basics in management science
- Overview of different aspects of business basics
2. Understanding the Business Environment
- Analysis of internal and external business environment
- Factors affecting business operations and decision making
- Impact of political, economic, social, technological, and legal factors on business
3. Business Organization and Structure
- Types of business organizations (sole proprietorship, partnership, corporation)
- Functions of various departments within a business organization
- Organizational structure and hierarchy
4. Business Ethics and Corporate Social Responsibility
- Importance of ethical behavior in business
- Ethical dilemmas and decision making in business
- Corporate social responsibility and its impact on business reputation
5. Business Planning and Strategy
- Understanding the process of business planning
- Setting objectives and goals for business success
- Developing effective business strategies
6. Marketing and Sales Management
- Basics of marketing and its role in business
- Market segmentation and targeting
- Sales management techniques and strategies
7. Financial Management
- Introduction to financial management
- Financial statements and their analysis
- Budgeting and financial planning
8. Operations Management
- Understanding the operations function in a business
- Production planning and control
- Quality management and improvement
9. Human Resource Management
- Importance of human resource management in business
- Recruitment, selection, and training of employees
- Performance appraisal and employee motivation
10. Business Communication and Negotiation
- Effective communication skills in business
- Types of business communication (verbal, written, nonverbal)
- Negotiation techniques and strategies
11. Entrepreneurship and Innovation
- Role of entrepreneurship in business
- Types of entrepreneurs and their characteristics
- Encouraging innovation and creativity in business
12. Global Business and International Trade
- Understanding the global business environment
- International trade and its impact on business
- Challenges and opportunities in global markets
13. Business Risk Management
- Identifying and assessing business risks
- Risk mitigation strategies and techniques
- Importance of effective risk management in business
14. Business Decision Making
- Types of business decisions
- Decision-making models and techniques
- Ethical considerations in business decision making
15. Business Leadership and Management
- Role of leadership in business success
- Different leadership styles and their effectiveness
- Principles of effective management
16. Business Innovation and Technology
- Importance of technology in business innovation
- Leveraging technology for business growth
- Impact of digital transformation on business
17. Business Law and Regulations
- Understanding legal frameworks and regulations in business
- Contract law and its implications
- Intellectual property rights and their protection
18. Business Analytics and Data-driven Decision Making
- Introduction to business analytics
- Data collection, analysis, and interpretation
- Using data for informed decision making
19. Business Sustainability and Green Management
- Importance of sustainable business practices
- Environmental and social responsibility in business
- Implementing green management strategies
20. Business Success and Continuity
- Factors contributing to business success
- Business continuity planning and risk mitigation
- Strategies for sustaining long-term business growth
Note: This syllabus is for the Business Basics Management Science course offered by NPTEL. The course content and organization may vary depending on the specific requirements of the program.
This course is helpful for the following exams: Business Basics
How to Prepare Management Science by NPTEL for Business Basics?
How to Prepare Management Science by NPTEL for Business Basics?
If you are looking to enhance your understanding of business basics and management science, the Management Science course offered by NPTEL is a valuable resource. This course, available on the EduRev platform, provides comprehensive learning materials and resources to help you grasp the fundamental concepts of management science and its applications in the business world.
Key Points:
1. Course Overview: The Management Science course by NPTEL is designed to introduce students to the fundamental principles and tools of management science. It covers a wide range of topics, including decision analysis, forecasting, linear programming, simulation, and project management.
2. Course Structure: The course is divided into modules, each focusing on a specific topic. This modular structure allows learners to study at their own pace and to revisit specific topics as needed.
3. Learning Resources: The course provides a variety of learning resources, including video lectures, reading materials, assignments, and quizzes. These resources are designed to enhance your understanding of the subject and help you apply the concepts to real-world business scenarios.
4. Practical Applications: The Management Science course emphasizes the practical application of concepts. Through case studies and examples, you will learn how to apply management science techniques to solve complex business problems and make informed decisions.
5. EduRev Platform: EduRev is a trusted online learning platform that provides access to a wide range of courses and study materials. It offers a user-friendly interface and a supportive community of learners and instructors.
6. Self-paced Learning: The Management Science course allows for self-paced learning, which means you can study at your own convenience and progress through the course at your own speed. This flexibility ensures that you can balance your studies with other commitments.
7. Assessment and Certification: The course includes regular assessments, such as quizzes and assignments, to help you gauge your understanding of the material. Upon successful completion of the course, you will receive a certificate, which can be a valuable addition to your resume.
By enrolling in the Management Science course by NPTEL on EduRev, you will gain a solid foundation in business basics and management science. This course equips you with the knowledge and skills necessary to analyze business problems, make data-driven decisions, and optimize business processes. Start your learning journey today and unlock new opportunities in the world of business.
If you are looking to enhance your understanding of business basics and management science, the Management Science course offered by NPTEL is a valuable resource. This course, available on the EduRev platform, provides comprehensive learning materials and resources to help you grasp the fundamental concepts of management science and its applications in the business world.
Key Points:
1. Course Overview: The Management Science course by NPTEL is designed to introduce students to the fundamental principles and tools of management science. It covers a wide range of topics, including decision analysis, forecasting, linear programming, simulation, and project management.
2. Course Structure: The course is divided into modules, each focusing on a specific topic. This modular structure allows learners to study at their own pace and to revisit specific topics as needed.
3. Learning Resources: The course provides a variety of learning resources, including video lectures, reading materials, assignments, and quizzes. These resources are designed to enhance your understanding of the subject and help you apply the concepts to real-world business scenarios.
4. Practical Applications: The Management Science course emphasizes the practical application of concepts. Through case studies and examples, you will learn how to apply management science techniques to solve complex business problems and make informed decisions.
5. EduRev Platform: EduRev is a trusted online learning platform that provides access to a wide range of courses and study materials. It offers a user-friendly interface and a supportive community of learners and instructors.
6. Self-paced Learning: The Management Science course allows for self-paced learning, which means you can study at your own convenience and progress through the course at your own speed. This flexibility ensures that you can balance your studies with other commitments.
7. Assessment and Certification: The course includes regular assessments, such as quizzes and assignments, to help you gauge your understanding of the material. Upon successful completion of the course, you will receive a certificate, which can be a valuable addition to your resume.
By enrolling in the Management Science course by NPTEL on EduRev, you will gain a solid foundation in business basics and management science. This course equips you with the knowledge and skills necessary to analyze business problems, make data-driven decisions, and optimize business processes. Start your learning journey today and unlock new opportunities in the world of business.
Importance of Management Science by NPTEL for Business Basics
Importance of Management Science by NPTEL Course for Business Basics
Management Science is a crucial field that encompasses various quantitative techniques and models to aid in effective decision-making and problem-solving within businesses. The NPTEL course on Management Science, offered by EduRev, provides a comprehensive understanding of these techniques and their practical applications in the context of business basics.
Why is Management Science Important for Businesses?
1. Enhanced Decision-Making: Management Science equips individuals with analytical skills and tools to make informed and data-driven decisions. It enables businesses to evaluate various alternatives, assess risks, and optimize resources for maximum efficiency.
2. Improved Problem-Solving: By learning Management Science techniques, individuals gain the ability to analyze complex business problems, identify the underlying causes, and develop effective solutions. This skillset enables businesses to overcome challenges and drive growth.
3. Optimized Resource Allocation: The course teaches individuals how to effectively allocate resources such as capital, manpower, and time. By optimizing resource allocation, businesses can minimize costs, increase productivity, and maximize profitability.
4. Forecasting and Planning: Management Science techniques help businesses predict future trends and outcomes based on historical data and statistical models. This enables businesses to develop accurate forecasts, make proactive plans, and adapt to market changes.
5. Efficient Supply Chain Management: The course covers topics related to supply chain optimization, inventory management, and logistics. By understanding these concepts, businesses can streamline their supply chain operations, reduce lead times, and improve customer satisfaction.
6. Enhanced Project Management: Management Science provides individuals with tools and techniques to effectively manage projects, allocate resources, and meet project deadlines. This leads to increased project success rates and improved overall organizational performance.
7. Data-Driven Decision-Making: In today's data-driven business environment, the ability to analyze and interpret data is vital. The Management Science course equips individuals with the skills to collect, analyze, and visualize data, enabling businesses to make informed decisions and gain a competitive edge.
Why Choose the NPTEL Course on Management Science by EduRev?
1. Comprehensive Curriculum: The course covers a wide range of topics, including linear programming, decision analysis, forecasting, optimization, and project management. This ensures that individuals gain a holistic understanding of Management Science principles.
2. Expert Faculty: The course is taught by experienced professionals and industry experts who provide in-depth knowledge and practical insights. Learners can benefit from their expertise and real-world experience.
3. Interactive Learning: The course offers a blend of video lectures, quizzes, assignments, and case studies, fostering active learning and engagement. Learners can apply the concepts learned to real-world scenarios, enhancing their understanding and practical skills.
4. Flexibility and Accessibility: The course is available online, allowing learners to study at their own pace and convenience. They can access the course material anytime, anywhere, making it suitable for working professionals and individuals with busy schedules.
5. Recognized Certification: Upon successful completion of the course, learners receive a certification from NPTEL, a highly reputable platform for online learning. This certification adds value to their professional profile and demonstrates their expertise in Management Science.
In conclusion, the Management Science by NPTEL Course offered by EduRev plays a vital role in equipping individuals with the necessary skills and knowledge to excel in the field of business basics. By understanding and applying Management Science techniques, businesses can enhance decision-making, problem-solving, resource allocation, and project management, leading to improved operational efficiency and overall success.
Management Science is a crucial field that encompasses various quantitative techniques and models to aid in effective decision-making and problem-solving within businesses. The NPTEL course on Management Science, offered by EduRev, provides a comprehensive understanding of these techniques and their practical applications in the context of business basics.
Why is Management Science Important for Businesses?
1. Enhanced Decision-Making: Management Science equips individuals with analytical skills and tools to make informed and data-driven decisions. It enables businesses to evaluate various alternatives, assess risks, and optimize resources for maximum efficiency.
2. Improved Problem-Solving: By learning Management Science techniques, individuals gain the ability to analyze complex business problems, identify the underlying causes, and develop effective solutions. This skillset enables businesses to overcome challenges and drive growth.
3. Optimized Resource Allocation: The course teaches individuals how to effectively allocate resources such as capital, manpower, and time. By optimizing resource allocation, businesses can minimize costs, increase productivity, and maximize profitability.
4. Forecasting and Planning: Management Science techniques help businesses predict future trends and outcomes based on historical data and statistical models. This enables businesses to develop accurate forecasts, make proactive plans, and adapt to market changes.
5. Efficient Supply Chain Management: The course covers topics related to supply chain optimization, inventory management, and logistics. By understanding these concepts, businesses can streamline their supply chain operations, reduce lead times, and improve customer satisfaction.
6. Enhanced Project Management: Management Science provides individuals with tools and techniques to effectively manage projects, allocate resources, and meet project deadlines. This leads to increased project success rates and improved overall organizational performance.
7. Data-Driven Decision-Making: In today's data-driven business environment, the ability to analyze and interpret data is vital. The Management Science course equips individuals with the skills to collect, analyze, and visualize data, enabling businesses to make informed decisions and gain a competitive edge.
Why Choose the NPTEL Course on Management Science by EduRev?
1. Comprehensive Curriculum: The course covers a wide range of topics, including linear programming, decision analysis, forecasting, optimization, and project management. This ensures that individuals gain a holistic understanding of Management Science principles.
2. Expert Faculty: The course is taught by experienced professionals and industry experts who provide in-depth knowledge and practical insights. Learners can benefit from their expertise and real-world experience.
3. Interactive Learning: The course offers a blend of video lectures, quizzes, assignments, and case studies, fostering active learning and engagement. Learners can apply the concepts learned to real-world scenarios, enhancing their understanding and practical skills.
4. Flexibility and Accessibility: The course is available online, allowing learners to study at their own pace and convenience. They can access the course material anytime, anywhere, making it suitable for working professionals and individuals with busy schedules.
5. Recognized Certification: Upon successful completion of the course, learners receive a certification from NPTEL, a highly reputable platform for online learning. This certification adds value to their professional profile and demonstrates their expertise in Management Science.
In conclusion, the Management Science by NPTEL Course offered by EduRev plays a vital role in equipping individuals with the necessary skills and knowledge to excel in the field of business basics. By understanding and applying Management Science techniques, businesses can enhance decision-making, problem-solving, resource allocation, and project management, leading to improved operational efficiency and overall success.
Management Science by NPTEL for Business Basics FAQs
| 1. What are the key decision-making models covered in Management Science NPTEL? |  |
Ans. Management Science NPTEL covers multiple decision-making frameworks including linear programming, decision trees, and game theory applications. These models help managers optimise resource allocation, forecast outcomes under uncertainty, and evaluate strategic choices. Students learn quantitative techniques for analysing business problems systematically using data-driven approaches and mathematical optimisation methods.
| 2. How do I solve linear programming problems for Business Basics exams? | |
Ans. Linear programming problems require identifying objective functions, constraints, and feasible regions. Use graphical methods for two variables or the simplex method for complex scenarios. Define decision variables clearly, write constraint equations, then optimise. Practice with real business cases-production planning, resource allocation-to master formulation and solution techniques for exam success.
| 3. What is the difference between deterministic and probabilistic models in management science? | |
Ans. Deterministic models assume fixed, known values with certain outcomes, while probabilistic models account for uncertainty using probability distributions. Deterministic approaches suit stable environments; probabilistic methods handle risk and variability in demand, costs, and market conditions. Management Science NPTEL emphasises both for comprehensive decision analysis across different business scenarios.
| 4. How do I approach break-even analysis questions in Business Basics? | |
Ans. Break-even analysis identifies the point where total revenue equals total costs. Calculate using the formula: Break-even quantity = Fixed Costs ÷ (Price per unit - Variable cost per unit). Apply this to production decisions and pricing strategy questions. Understanding contribution margin and fixed versus variable cost classification strengthens your problem-solving for inventory and profitability management topics.
| 5. What topics in inventory management should I focus on for the exam? | |
Ans. Focus on Economic Order Quantity (EOQ) calculations, holding costs, ordering costs, and safety stock concepts. Master the trade-offs between overstocking and stockouts. Study ABC inventory classification and reorder point formulas. These directly support supply chain optimisation and working capital management questions in Business Basics, essential for operations management sections.
| 6. How do queuing theory and waiting line models apply to business problems? | |
Ans. Queuing theory analyses customer waiting times, service capacity, and system efficiency in banks, hospitals, and retail. Key metrics include arrival rate, service rate, queue length, and average wait time. Applications reduce customer dissatisfaction and operational costs. Management Science NPTEL emphasises real-world scenarios-call centres, checkout counters-helping you connect theory to practical business decisions.
| 7. What is the role of sensitivity analysis in management decision-making? | |
Ans. Sensitivity analysis examines how changes in variables affect optimal solutions and business outcomes. It identifies critical parameters, tests decision robustness, and reveals acceptable ranges for profit margins, costs, and resource availability. This technique protects against forecast errors and supports scenario planning. Essential for risk assessment and strategic planning questions in Business Basics examinations.
| 8. How do I interpret and use probability distributions in forecasting for exams? | |
Ans. Probability distributions-normal, binomial, Poisson-model uncertain business events like demand, lead times, and defect rates. Select appropriate distributions based on data characteristics. Calculate expected values and standard deviations for forecasting accuracy. EduRev offers detailed MCQ tests and mind maps clarifying distribution selection and calculation methods for quantitative forecasting topics.
| 9. What are the main steps in formulating and solving transportation and assignment problems? | |
Ans. Transportation problems minimise shipping costs across supply-demand networks using methods like Vogel's approximation or the stepping-stone algorithm. Assignment problems allocate jobs to workers optimally. Define supply sources, demand destinations, unit costs, then solve using linear programming logic. These operations research applications frequently appear as case-study and numerical questions in Business Basics.
| 10. How does game theory help in strategic business decision-making? | |
Ans. Game theory analyses competitive interactions, Nash equilibrium, and optimal strategies when outcomes depend on rivals' choices. Applications include pricing wars, market entry decisions, and negotiation tactics. Understanding zero-sum and non-zero-sum games reveals dominant strategies and cooperative advantages. Management Science NPTEL integrates game theory with real corporate scenarios, strengthening strategic management answers.
Course Description
Management Science by NPTEL for Business Basics 2026-2027 is part of Business Basics preparation. The notes and questions for Management Science by NPTEL have been prepared according to the Business Basics exam syllabus. Information about Management Science by NPTEL covers all important topics for Business Basics 2026-2027 Exam. Find important definitions, questions, notes,examples, exercises test series, mock tests and Previous year questions (PYQs) below for Management Science by NPTEL.
Preparation for Management Science by NPTEL in English is available as part of our Business Basics preparation & Management Science by NPTEL in Hindi for Business Basics courses. Download more important topics related with Management Science by NPTEL, notes, lectures and mock test series for Business Basics Exam by signing up for free.
Course Speciality
The course is originally created by Prof. M. Thenmozhi of IIT Madras for NPTEL.
Management Science by NPTEL course of Business Basics with EduRev's study material as per the latest curriculum (2026) curated by EduRev experts. 4k+ have already joined.
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Course Speciality
The course is originally created by Prof. M. Thenmozhi of IIT Madras for NPTEL.
Management Science by NPTEL course of Business Basics with EduRev's study material as per the latest curriculum (2026) curated by EduRev experts. 4k+ have already joined.
