Question

State four components of business studies​

Answer 1

Answer:

The 4 main component of Business studies are,

1. Finance
2. Accounting
3. Marketing
4. Organizational Studies

Explanation:

Finance concerns with managing the money and the wealth of the organization so it could grow in the future.

Accounting is the function that records, controls and interprets the financial performance of an organization.

Marketing deal with the market that the company operates in, to enable the organization to adapt according to the current market status and customer needs.

Organizational studies the different aspect of organization, how to form them, control them, maintain them, different structure, etc.. Also, it concerns about the functions of a manager in an organization. Such as planning, leading and controlling.