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National Viritech Ltd. has grown in size. It was a market leader but with changes in business environment and with the entry of MNCs its market share is declining. To cope with the situation, CEO starts delegating some of his authority to the General Manager, who also felt overburdened. GM also disperses some of his authority to various levels throughout the organisation with the approval of CEO. Identify the concept of management discussed above.

A) Decentralisation   

B) Delegation

C) Formal organisation        

D) None of these