Basic Concepts, Laws, and Principles. TOPICS DISCUSSED. The need to study electrical and electronics engineering. Behaviour of materials as conductors, semiconductors, and insulators. Concept of current, resistance, potential, and potential difference. Differences between electric field and magnetic field.
Definition of business policy. 1  1. Definition of Business PolicyBusiness Policy defines the scope or spheres within which decisions can be taken by thesubordinates in an organization.2  2. 8. 3  3. 5) The purpose of a business policy is to enable the management to relate properly theorganizationâs work to its environment.efinition of business policy. 1  1. Definition of Business PolicyBusiness Policy defines the scope or spheres within which decisions can be taken by thesubordinates in an organization. 2  2. 8. 3  3. 5) The purpose of a business policy is to enable the management to relate properly theorganizationâs work to its environment.
A business, also known as an enterprise or a firm, is an organization involved in the provision of goods, services, or both to consumers.Businesses are prevalent in capitalist economies, where most of them are privately owned and provide goods and services to customers in exchange for other goods, services, or money. business owned by multiple individuals may be referred to as a company. Business can refer to a particular organization or to an entire market sector, e.g. the music business.