Basic Concepts, Laws, and Principles. TOPICS DISCUSSED. The need to study electrical and electronics engineering. Behaviour of materials as conductors, semiconductors, and insulators. Concept of current, resistance, potential, and potential difference. Differences between electric field and magnetic field.
Definition of business policy. 1  1. Definition of Business PolicyBusiness Policy defines the scope or spheres within which decisions can be taken by thesubordinates in an organization.2  2. 8. 3  3. 5) The purpose of a business policy is to enable the management to relate properly theorganizationâs work to its environment.efinition of business policy. 1  1. Definition of Business PolicyBusiness Policy defines the scope or spheres within which decisions can be taken by thesubordinates in an organization. 2  2. 8. 3  3. 5) The purpose of a business policy is to enable the management to relate properly theorganizationâs work to its environment.
A Definition of Business Strategy. The definition of business strategy is a long term plan of action designed to achieve a particular goal or set of goals or objectives.Strategy is management's game plan for strengthening the performance of the enterprise. It states how business should be conduct to achieve the desired goals.Without a strategy management has no roadmap to guide them. Creating a business strategy is a core management function.It must be said that having a good strategy and executing the strategy well, does not guarantee success.t states how business should be conduct to achieve the desired goals. Without a strategy management has no roadmap to guide them. Creating a business strategy is a core management function.It must be said that having a good strategy and executing the strategy well, does not guarantee success.