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.
Create a business plan. It helps to begin with a plan. A business plan is a blueprint of every aspect of your business. Sales, marketing, advertising, promotion and location are some of the aspects of creating a plan.