According to the text,for most of the 20^th century,managerial efforts were directed more toward the efficient allocation of labor and capital.

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For most of the 20^th century, managers focused on tangible resources such as land, equipment, and money as well as intangibles such as brands, image, and customer loyalty. Efforts were directed more toward the efficient allocation of labor and capital, which are the two traditional factors of production.

According to the Text,for Most of the 20th Century,managerial Efforts

According to the Text,for Most of the 20^th Century,managerial Efforts