1. Business
Business refers to the organized efforts of individuals or entities to produce, sell, and distribute goods or services in order to generate profit. It encompasses various activities, including production, marketing, and management, within a commercial or industrial setting.
📖 Reference:
Boone, L. E., & Kurtz, D. L. (2019). Contemporary Business (18th ed.). Wiley.
2. Finance
Finance is the study and management of money, investments, and other financial instruments. It involves processes such as budgeting, lending, investing, and financial planning to ensure the effective allocation of resources. Finance is broadly categorized into personal finance, corporate finance, and public finance.
📖 Reference:
Brealey, R. A., Myers, S. C., & Allen, F. (2020). Principles of Corporate Finance (13th ed.). McGraw-Hill Education.
3. Business Finance
Business finance refers to the financial management practices within a business, including acquiring funds, managing capital, budgeting, and investment decision-making. It plays a crucial role in ensuring a company’s financial stability, profitability, and growth.
📖 Reference:
Madura, J. (2021). Financial Management (16th ed.). Cengage Learning.
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