Business is the activity of making, buying, selling or supplying Goods and Services for money. It is the backbone of any society as the various activities of business cater to people demand for a variety of Goods and Services for satisfaction of their needs. The world of business is varied and diverse. This dictionary of business provides a wealth of information about the major functional areas of business, namely accounting, economics, finance, information systems, law, management and commerce. It encompasses concepts, terms, applications, innovations and ideas that together constitute the various components of business. In addition, terminology relating to business theories, international monetary and welfare schemes, various business laws and acts and different abbreviations have also been included in it. The dictionary brings together a forbiddingly complex and astounding terminology that defines the world of buying and selling, trading and trucking, Exporting and importing—from the very beginning when the barter and Exchange system was in vogue—to the modern times marked by man’s relentless quest for novel and precious Goods and commodities. It provides a comprehensive vocabulary of terms used in business. All the entries have been judiciously selected, comprehensively dealt with and presented in a clear and explanatory style for easy comprehension by the readers. It is an indispensable reference source for students, research scholars, academicians, professionals and executives in the field of business and commerce. Anyone seeking a better understanding of economics and business terminology will also find it interesting, informative and inculcating.
Dr. K.C.S. Ranganayakulu is Hon. Director, PG Department of Business Administration at VRS and YRN College, Chirala (Andhra Pradesh). He has a brilliant academic record and holds his M.B.A. and Ph.D. degrees from Andhra University which had pioneered M.B.A. in India prior to IIMS. He has attended and presented papers at several national and international seminars and as a prolific writer he has contributed more than two dozen research papers to reputed journals and directed one UGC sponsored national seminar on “Liberalisation and Managerial Challenge.” He has teaching experience of more than twenty years in Financial Management. He is academic counsellor to IGNOU, Pondicherry and Annamalai University M.B.A. programme offered through distance mode and authored “Securities, Portfolio and Investment Management.” He has both theoretical and practical knowledge of operations of stock market. He has authored Dictionary of Investment Management published by Atlantic Publishers & Distributors, New Delhi. His another book Organisational Behaviour is in press.
