This book is intended especially for teachers and students of Business Management. An essential tool for students, undergraduates and students of related disciplines, this encyclopaedia offer clear explanations of concepts and processes, and the broadest coverage of the subject. This will be an indispensable reference aid for professionals in the field, hobbyists, students, or anyone interested in Business management. The terms defined in this book include laws, relationships, basic principles and concepts. Completely updated, this encyclopaedia contains terms, phrases, acronyms, and abbreviations from the ever-expanding world of business management. From the basic elements of theory to the most contemporary development, all is explained in this book.