It refers to the steps which are taken to protect the interest of the customer from widespread exploitation such as unfair trade practices of producers and sellers.
Marketing refers to the process of all those activities wherein goods and services move from producer to consumer to satisfy the needs of latter. Needs refers to feeling of deficiency of something which leads to dissatisfaction if not satisfied.
Financial market refers to the market which creates and exchanges the financial assets. It refers to those institutional arrangements through which the savings, which are generated in the country, are channelised into investments by business, government and industries.
Financial management refers to that part of management which helps in doing effective acquisition of fixed assets and utilisation of funds for day to day expenses. It is concerned with the optimal procurement as well as usage of funds which means doing all the functions of management in terms of financial activities in the organisation.
It refers to the process of bringing actual result closer to desired result. Under this, deviation is noticed by comparing actual result with desired result so that corrective actions can be taken in an organisation in order to correct it. Its main objective is to ensure the actual result closer to desired result.
Directing refers to instructing, Inspiring and communicating with people so that the objective of the organisation can be achieved. It involves managing of the people in an organisation but managing is a very wider concept whereas directing is a very small part of that.
When a manager performs staffing as the function of management in that case he plays the role of line manager wherein he fulfills the processes of recruitment, selection etc. and is directly responsible for the work done whereas when a manager performs staffing as a functional area of management in that case he plays the role
Organising is the function of management under which the job of an individual in an organisation is designed and all the activities of an organisation are grouped so that authority relationship can be established.
Planning refers to thinking beforehand. It is the basic function of management and forms base for the other functions of the management. Through this, objectives and methods to achieve the target effectively and efficiently are planned.
Business Environment refers to all those factors which impacts the business and business have no control on them. Business Environment refers to the total of factors which keep on changing with the change in environment. Therefore, it is considered as dynamic in nature.
