Business Policy

Business policy refers to a set of guiding principles and rules that help an organization make decisions and operate efficiently. It outlines the company's goals, strategies, and procedures, ensuring that everyone in the organization understands their roles and responsibilities. By establishing clear policies, businesses can maintain consistency in decision-making, align their actions with their mission, and adapt to changing market conditions. Overall, business policy is essential for effective management and helps create a coherent framework for achieving the company’s objectives.