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Business studies, often simply called business, is a field of study that deals with the principles of business, management, and economics. [1] It combines elements of accountancy , finance , marketing , organizational studies , human resource management , and operations .
Because of this, many studies have been done on the effects of taxes on entrepreneurs. The studies fall into two camps: the first camp finds that taxes help and the second argues that taxes hurt entrepreneurship. [citation needed] Cesaire Assah Meh found that corporate taxes create an incentive to become an entrepreneur to avoid double taxation ...
At secondary level, Business Studies, as it is often called, typically combines elements of accountancy, finance, marketing, organizational studies, human resource management and economics. [1] The range of topics is designed to give the student a general overview of the various elements of running a business.
Business management – management of a business – includes all aspects of overseeing and supervising business operations. Management is the act of allocating resources to accomplish desired goals and objectives efficiently and effectively; it comprises planning, organizing, staffing, leading or directing, and controlling an organization (a ...
Here Enterprise is defined as an ability to develop multiple ideas and opportunities that can be made real, and entrepreneurship is defined as the development of business acumen that can realize the full potential.
Other definitions of entrepreneurial leadership have also emerged: An entrepreneurial leader will proactively identify opportunities to gain advantage through creativity, innovation and market understanding and then hold themselves responsible for delivering what customers need via the effective management of risk to optimise outcomes for both the organization and the customer.
A business entity is not necessarily separate from the owner and the creditors can hold the owner liable for debts the business has acquired. [6] The taxation system for businesses is different from that of the corporates. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the ...
Business, economic activity done by a businessperson; Big business, larger corporation commonly called "enterprise" in business jargon (excluding small and medium-sized businesses) Company, a legal entity practicing a business activity; Enterprises in the Soviet Union, the analog of "company" in the former socialist state