Business is a term that describes the successful operation of a trade, service or commercial activity that involves accumulation of capital, mobilizing resources and overseeing the production, distribution and delivery of the product or service to the end user. Management is a science that deals with the planning, and execution of any said business through a thorough and optimum utilization of resources like land labor, capital so that the organization attains profit. Both the business and the management thus are related closely to each other and demand regular research on consumer behavior, market fluctuation, changes in the national and the international socio, political and economic scenario and its impact on the business, trade and commerce.
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