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Understanding the business and its various forms gives students a clear picture of the organizations in the present context. Also, managing business necessitates the understanding of management functions. This book has been specially designed and written as an introductory text for the students of management, commerce and allied disciplines at the undergraduate level. The emphasis is on inculcating among the students’ knowledge of the basic principles and practices of business organization & management. Some of the distinguishing features of the book are: ? Simple, lucid and easy to understand ? Units equipped with learning content ? Sequential preparation of various topics ? Use of examples for better understanding ? Diagrammatic presentation, tables and charts are used ? Model questions to practice for the university exams.