homage. n. 1. a public show of respect or honour towards someone or something (esp in the phrases pay or do homage to). 2. (Historical Terms) (in feudal society). a. the act of respect and allegiance made by a vassal to his lord. See also fealty.
Cost management is the process of planning and controlling the budget of a business.
Strategic planning is the process of outlining a long-term vision for a company. Learn about the role of strategic planning in business, see its application, and take a quiz on what you've learned.