Many Definitions of Management

Many Definitions of Management

Definitions of Management: It is very difficult to give a precise definition of the term ‘management’. Different scholars from different disciplines view and interpret management from their own angles. The economists consider management as a resource like land, labor, capital and organization. The bureaucrats look upon it as a system of authority to achieve business goals. …

Types of Business

Types of Business

Types of Business: There are three major types of businesses: Service Business A service type of business provides intangible products (products with no physical form). Service type firms offer professional skills, expertise, advice, and other similar products. Examples of service businesses are schools, repair shops, hair salons, banks, accounting firms, and law firms. Merchandising Business …

What is a Business?

business

What is a Business? A business (also known as an enterprise, a company or a firm) is an organizational entity involved in the provision of goods and services to consumers. Businesses as a form of economic activity are prevalent in capitalist economies, where most of them are privately owned and provide goods and services to …