2006-12-14 20:57:10 · 2 answers · asked by aysha s 1 in Business & Finance ➔ Corporations
It means general business principles and practices.
2006-12-17 23:27:09 · answer #1 · answered by Anonymous · 0⤊ 0⤋
administration of business is business administration. it means business activity depends on manufacturing, finance, marketing, legal, operations, human resources, machine maintenance etc. running all the departments successfully requires practical experience as well as knowledge about the process etc. optimum utilization of resources with minimum effort indicates sound administration. this includes prevention of loss, wastate etc. all these techniques depends on sound thories. if they are practiced properly it is best administration. this ensures profit maximization which implies cost minization.
2006-12-15 05:12:46 · answer #2 · answered by sabu 4 · 0⤊ 0⤋