Business Data Processing

Business process identification involves categorizing the specific business function into one of the eight processes previously described and used in the MLS program. The first step is determining whether the business function is part of operations for the establishment. This key categorization hinges on the relationship of the function to the industry of the establishment. Business Policy defines the scope or spheres within which decisions can be taken by the subordinates in an organization. It permits the lower level management to deal with the problems and issues without consulting top level management every time for decisions. Business policies are the guidelines developed by an organization to govern its actions. This book is a determined attempt to furnish up-to-date knowledge of business economics in a simple and lucid manner.