What is the definition of centralization?

Answer by  ilstorreshotmailcom (136)

Centralization is the designation of a particular place for all administration of a business. For example, the business may have satellite offices but a central office for administration purposes.

Answer by  soakshimmer (104)

A business with centralized management holds an exclusive authority to implement decisions necessary to the conduct of the business for which it was formed. These decisions are taken by the top level of management.

Answer by  anaswara (22)

centralisation can be used in various ways. If its in management it means centralising the work that is having the complete authority in the central not dividing authority and it is a method of storing materials in which it becomes convenience as it would reduce holding cost and other related costs