Business and management quizlet

  • What is the purpose of business management and administration?

    Business management involves coordinating and overseeing various activities within a company to achieve objectives.
    Administration focuses on implementing policies and procedures to ensure smooth operations.
    Both functions are essential for businesses' efficient functioning and growth..

  • The role of business information management can be summed up as follows: It helps managers analyze business needs.
    These business needs are based on organizational goals, business strategies, stakeholders' needs, and business processes.
    It helps managers analyze problems and implement possible business solutions.

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