Business Jargons - A Business Encyclopedia

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• What is a Business? definition, characteristics and classification - Business Jargons

  Business is defined as an organized economic activity, wherein exchange of goods and services takes place, for adequate consideration. In simple terms, business is nothing but a method of making money...

• What is Management? definition, characteristics, levels and functions - Business Jargons

  Management can be defined as the process of administering and controlling the affairs of the organization, irrespective of its nature, type and size. It is an act of creating and maintaining such a bu...

• What is Organization? definition, process and types - Business Jargons

  Organization refers to a collection of people, who are involved in pursuing defined objectives. It can be understood as a social system which comprises all formal human relationships.

• What is Entrepreneurship? definition, characteristics and skills - Business Jargons

  Entrepreneurship refers to the process of creating a new enterprise and bearing any of its risks, with the view of making profit. It is an important tool for bridging the gap between science and marke...

• What are Objectives? definition, characteristics and process - Business Jargons

  Objectives are needed in every sphere where the performance and outcome have a direct and significant impact on the company's survival, growth and market value. The direction, nature and quantum of ef...

• What is Planning? definition, characteristics, steps and importance - Business Jargons

  Planing is the fundamental management function, which involves deciding beforehand, what is to be done, when is it to be done, how it is to be done and who is going to do it.