Who is not familiar with the many technical terms used in economics? But often you don't really know what they mean. However, don't worry, in these pages you will get an overview of the most common terms and their meaning. This way, you'll always be up-to-date in your studies or on the job.
Business Studies or Business Administration refers to the branch of economics that deals with the management of companies and organizations. It covers all areas of entrepreneurial activity, from strategic planning and operational implementation to controlling and cost accounting. Business Studies is divided into two major sub-disciplines that deal with different tasks and issues: the general business studies (or General Management) and the special business studies (or Function Management).
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