It deals with the financial decisions related to corporations; the corporate financers generally do analysis of the finance related decisions taken by them, and after the final report of the financer's committee bill is passed. The basic aim of the csorporate financers is to maximize the profit of the company and lowering down the order of risk taken by them while investing, they superficially tell where to invest and which market will give them maximum profit. Before arriving at the final decisions they generally do a detailed study of the market, its review, ups and downs in near future and the growth provided by the market to the company. These analysis of different areas is performed over a long time as scheduled by the company, each member of the financial committee is given a specific task( specific area), and is told to submit a report in the specified time, this technique of dividing the work increases the effectiveness and productivity of the work
The term business means to be busy or to be occupied. In practice, business includes certain activities in which people are busy or engaged. Such activities relate to production, distribution, trading or exchange of goods and services to satisfy the needs of people so as to earn income or profit. Business refers to all those activities which are concerned with the production and or purchase and sale of goods or services with the object of selling them at a profit.
Consumer is like an ornament which should not be stolen by anyone else. This saying clearly states that consumer satisfaction is a delight. The consumer occupies an important place in the economic activity. Goods and services are consumed by customer for the satisfaction of his wants. Goods used by the final consumers are called consumer goods like edible oils, cloth, television, radio, car etc. Thus, the satisfaction of wants is the beginning and end of all economic activities.
A business is a working body or organization whose motto is to make profits by performing various tasks like production or selling task, a business is totally recognized by the related authorities. Most of the businesses are privately owned and are generally dominate in capitalist economies. The main aim of the business owners is to exchange goods or services for money.
Management is necessary for business firms, government enterprises, education and health services, military organizations, trade associations and so on. Hence, management skills are transferable and a manager can successfully apply his knowledge and skills in a wide variety of enterprise or organizations. This is why, management has emerged as an important discipline which is taught and learnt in management, technical and professional institutes to develop leaders or executives for the organizations.
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