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The administration of a business includes the performance or management of business operations and decision-making, as well as the efficient organization of people and other resources to direct activities towards common goals.
University of Michigan's Master of Business Administration diploma. A Master of Business Administration (MBA), is a professional degree focused on business administration. [1]
Business analysis is a professional discipline [1] focused on identifying business needs and determining solutions to business problems. [2] Solutions may include a software-systems development component, process improvements, or organizational changes, and may involve extensive analysis, strategic planning and policy development.
Small business vendors at a public market. Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services).
A business process, business method, or business function is a collection of related, structured activities or tasks performed by people or equipment in which a specific sequence produces a service or product (that serves a particular business goal) for a particular customer or customers.
The term's usage in Europe varies by country. Still, most typically the word "administration" refers to managerial functions in general, which may include local governments, or the hierarchy of national and local government, that applies to a town or district.
A business idea is a concept envisioned by individuals or teams that can be monetized through the delivery of products or services. Serving as the foundation for entrepreneurial ventures, a robust business idea is essential for the development and success of new enterprises.
In probability theory and statistics, a normal distribution or Gaussian distribution is a type of continuous probability distribution for a real-valued random variable.The general form of its probability density function is [2] [3] = ().