Business administration |
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Management of a business |
Commercial management, also known as commercial administration,[1] is overseeing and directing an organization’s functions and activities involved in the process of exchanging goods, services, or other valuable assets, as well as any revenue-generating and profit-driven activities; in order to create and sustain positive economic value, while effectively minimizing risks and costs.[2] In other words, commercial management is "the identification and development of business opportunities and the profitable management of projects and contracts, from inception to completion".[3]
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