Which of the following is NOT a component of management processes?

Marketing is not considered a core component of management processes. The fundamental components of management processes typically include organizing, leading, and controlling.

Organizing involves systematically arranging resources and tasks to achieve objectives. Leading is about influencing and guiding individuals within the organization to work effectively towards the goals. Controlling refers to monitoring performance and making necessary adjustments to ensure that the organization stays on track toward its objectives.

On the other hand, marketing is a distinct function that focuses on promoting and selling products or services. While it is crucial for a business's success and closely related to management, it does not fall under the umbrella of the management processes themselves, which are primarily concerned with overseeing and directing the operations of the organization.