Conventionally, ‘Business’ is understood as a trade or profession; an industrial, commercial, or professional operation; purchase and sale of goods and services; a commercial or industrial establishment; commercial activity; volume or quantity of commercial policy or procedure etc. Business operations are mainly divided into – technical, commercial, financial, security, accounting and managerial activities. Till recently managerial skills had been most neglected aspect of business operations. The term ‘managing’ consists off various functions, main among which are – planning, organizing, commanding, coordinating and controlling. Amidst the various schools of management thought Business Management can rightly considered as an art, a science and a profession. The present work in 4 volumes contains all the major terms pertaining to business management. Encyclopaedic in nature, this will prove highly informative and useful to one and all.
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