Meaning of Business
It is an occupation or activity in which profit-making is the major aim and in which there is risk or loss. Profit is the main aim of establishing a business especially private firms, of which if this aim is not realized, the business may fold up.
Meaning of Business Management
Business management can be defined as the process of planning, coordinating, leading, organizing and controlling all the resources with the aim of achieving all set business goals and objectives.